Aug. 29 at 9:53 AM
How many nanocaps below
$10 million market cap have Negative EV, Price/Sales under 1, and stock price above
$2 to avoid a reverse split?
The list has 10 stocks.
5 of them are Chinese/HK. For the 4 of them, the high cash position and the negative EV is the result of continuous dilution. The fourth is KRKR.
The other 5 are:
4 U.S .based:
$GNLN massive dilution of
$110M in October 2025 but disastrous use of the cash.
$XXII heavy dilution to cover the losses.
$PAVS also dilution and regulatory distress.
$SLE dilution bring cash a bit higher than its market cap, but the losses were double of its revenues...
1. Singapore based:
ARBB no dilution since its IPO a few years ago, price/sales below 0.15. Revenues growing fast, but it is still in losses, reduced though.
