Dubber.Dubber.Do., page-244

Reading through yesterday's posts, i was really happy to see that everyone, even the downrampers, were all saying that dubber is a great company with a bright future. The only question seems to be valuation.

Valuation is easy to downramp on because it is subjective. For me, this is now under valued but if i use past financial figures, it is probably about right now. 25 x revenue ($6million) for a company that has now got a clear path to profitability and a high growth rate seems fair if not short.

However this ignores that we are no longer in December. It is anyone's guess what our monthly revenue is now. Some will argue that we could have hit $1mil (not me) per month, in which case we are massive undervalued imo. I would argue that even at $850,000 we are unders. But rate of growth matters here on valuation. Reality is they have given no numbers. If we hit $600,000 in march, imo we are over valued as the growth is gone.

This is truely a case of dyo research. If you want to buy cheap shares, down ramping is done best just before results are released. With the agm next week, this week is probably the last down ramping buy opportunity at this level imo. I personally think (guess) we are near the $850 mark and therefore for me it remains a buy.