whats the true value here considering its financials, track record and prospects ?
For me currently I'd value them at $15 million, considering the cash they have, the risk involved particularly no revenue, they have some good intellectuals onboard, but as the stock market will always point out its about future cashflows and theres a lot of doubt we'd see any anytime soon. They will lose a ton of money in R & D and then if they have products the time it takes to sell and gaining traction will be tough on them too.
Yeah 15m there is a better number (-70%) - but 50! and most went to the two people. I think shareholders might have needed a bit more skin in the game than that.
-28% at the moment - good to see the market represent a better value in this. ~40 mill
-50%-75% and maybe I'll be interested. Or will wait to see how they intent to jusitify current value.
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