Aug. 29 at 3:18 PM
$BEEM Stop panicking about the ATM. Look at the math:
- 1.5 years ago,
$BEEM was
$8+ with 19M shares (~
$150M Market Cap) on TRASH earnings.
- Today, we are at just
$1.50 with 22M shares (~
$33M Market Cap) on SUPER earnings (
$8.6M Q2 revenue, drone/military contracts).
- Even if they print another 10M shares tomorrow (bringing total to 32M), at
$1.50 that’s only a
$48M Market Cap.
- A P/S ratio of 1.0 USUALLY means high debt/bankruptcy risk. BUT BEEM HAS ZERO BANK DEBT
- PLUS Smart geo-diversification: They expanded heavily into Europe so they aren’t just dependent on the US, and Europe’s revenue is already on par with the US
The company is in way better shape today than it was at
$8. This current valuation makes zero sense. I am loading up!!!
