thecontrarian makes a solid argument when discussing current earnings. It's well known that the dilutive effects of the convertible note is significant, but I don't have the internet capabilities to chase up options on record (remote work) so am unable to asses right now.
How one values the stock isn't on current earnings though, so whether or not one decides to buy at $0.12 or not is up to the individuals assesment of future earnings. Personally, I was willing to accumulate under $0.10 and have a comfortable position, but I do think PEH can grow so am happy to hold.
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