Appreciate the response. Understand your hesitation with investing, it is after all very difficult to make it big as a technology company in this world. The way I see it is, even if Xped isn't adopted as the "standard" for IoT, they have a significant number of potential revenue streams. All else fails, hopefully their patents have some value.
I'm a long-term investor on this one, so the way I size it up is:
Trading at 3.6cents and an approximate 2.4b shares fully diluted after RTO, we are looking at a market cap of $86m. Early growth spec tech companies can trade at multiples of between 5-15x revenues. Let's say 10x. I think with considering the management in place and their experience/contacts, the total number of potential revenue streams I see, and the size of the potential market for each of these various streams - generating $8.6m in revenues a year (whilst requires some work) is very very likely to be achieved.
I actually see a much larger revenue number that management (with a fair bit of hard work) should be able to achieve - even if the wider worldwide community never hears of xped again and they remain a minnow in a big pond. I therefore feel at 3.6c, this is completely undervalued. Which is why I hold and my sentiment says buy.
All just my opinion so make your own mental valuations of what you think this company can earn and what a reasonable multiple is. Then compare it to the market cap. Which is bigger?
Good luck to you with your RFID company!
RYG Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
