I have been a long time observer of 1PG for a long time. My view...

I have been a long time observer of 1PG for a long time. My view is that even with its current guidance of 30 annual contracts by January 2016 means that they will generate a max USD5M over a whole year. There may be a few outliers that boost this up to USD8M. This is future revenue not current revenue. I would say a fair valuation for 1PG is $120M given the current interest in tech and other comparables. So a price range of $0.90 to $1.20 would be par.

I think this has a long way to go down given current sentiment on the stock and unless there are major revenue announcements in H2 2016 the decline should continue.