What, with 305 million shares outstanding at 0.55cents. Makes the Company worth 168 million bucks, right? If they sell 300 units this year ( they are predicting 400 and we already know they have sold 200 plus ) there is 24 million bucks. Thats a P/E of 7. Without blue sky factored in. The Company on a 10 multiple, surely makes it worth 240 million bucks, Right? That in itself puts the share price at .79cents. Does anyone have their cash burn rate? But who thinks sales will only stay at 300 units per year? And who thinks unconditional approval will NOT be granted. That would be being very pessimistic...I think VCR is undervalued.
VCR
ventracor limited
What, with 305 million shares outstanding at 0.55cents. Makes...
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