1-Page was initially interesting because it raised a decent bit of cash a while ago and I thought the company's market cap might be significantly below its cash on hand. It is, with Net Tangible Assets of around 24 cents per share.
But everyone needs to be fully aware - expenditure has also increased dramatically. For example, payments to suppliers and employees came in $5 million HIGHER (which is more than double) in the first half of 2016, compared to the first half of 2015. 1-PG revenues did, however, grow 50% during the same time – but unfortunately to a paltry $163,771. Peanuts.
Now what this suggest is that investors are expecting more heavy expenditure, which is why the company is trading at a discount.
I don't think anyone expected 1-PG to fall as much as it has, but that’s what happens when companies spend heavily and can’t generate sales.
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