I like that you've distinguished between possibility and...

I like that you've distinguished between possibility and probability. As you say, everything is possible. What is probable is a different matter.

I don't think fundamentals now offer much guidance about the current or future share price of many companies (a pity, as I think it's the best way to work out what stocks to buy). The market is so distorted as a result of government stimulus measures, availability of cheap debt, the collapse of interest rates, etc, that share prices have little connection with reality. Money has to go somewhere, and shares offer a better return than property and cash, so individuals and companies pour in.

A good example is a company making no profit until recently (Afterpay) now being worth more than several huge companies that make regular and large profit (e.g Coles), and their share price has gone up 10x in the past six months. In some cases the absence of profit doesn't automatically rule out inherent value, so a high share price can be justified – e.g Amazon didn't make money for years. But in many cases what the share price is based on is dubious.

So, back to WEB. If it survives – still a big question mark – it will prosper. There will be surges in share price on news such as a successful vaccine or it becoming a takeover target (my preference). As there will also be major dips caused by the reality of ongoing travel restrictions. But organically, I can't see WEB generating the kind of profit in the next 3 years to justify a share price above $8 (which is an arbitrary figure and not tied to any fundamentals).