Aug. 7 at 10:45 PM
$LOOP I guess I'm the only one doing and sharing DD here. Fine I'll help. I don't get this current valuation (
$80 M) when a company has next to 0 sales (252k) while losing
$3.5 M in a quarter so their cash burn is in double digit millions a year. As posted previously, they have -(negative)
$2.7 M equity value. Excuse me? This is BK junk company and fair value is 0 (or negative to be exact). I bet they live on dilution just like all other scams I've seen to keep the lights on and keep paying themselves with investors money. Even at
$8 M mcap it's too overvalued so what's the fair share price? 10-15 cents maybe? Am I missing something? Too many these junk companies and dilution scams listed on Nasdaq, smh.
