Appreciate your comment, Lauban. The thing is that with...

Appreciate your comment, Lauban. The thing is that with start-ups, the ratios can be even larger than industry averages! Not always, but when the market thinks the company will grow, the valuations tend to be high.

With the options: if I understand these correctly, these are delivery settled, so management would have to buy the stock (which would have to be issued additionally?) for cash (pls correct me if I am wrong). Not sure they'd be willing to empty their pockets with the liquidity of the stock not being great, which would probably mean they'd have to hold on to the shares for some time before selling for a profit...

Let's see, but exciting 4 months ahead now: I look forward to the quarterly and then the annual report. And hopefully a few additional interesting news in the meantime too.