A marekt cap below $20 odd million despite having a joint patent with one of the worlds largest lyocell producers for an entirely green lyocell that is finer and stronger than traditional lyocell.
The MC was about $2.4 million about 18 months ago.
I think these low MCs represented insanely good value. Now it's getting towards a reasonable value for the company.
I could honestly see this company valued at $40million without any agreements and I would think that is reasonable, given the value of Spinnova.
A marekt cap below $20 odd million despite having a joint patent...
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