"I agree, but what I think it does show is who might have the...

"I agree, but what I think it does show is who might have the bigger promoters or bigger funds which may be driving valuations and investor excitement"

That's it. It all depends on the broker and who is promoting it. This is backed by BW Equities and their clients so therefore trades at a very big valuation relative to other micro caps backed by nobody. At the end of the day though it comes down to company performance. Time will tell how this ends up. IMO it could still go either way. In other words, it "might" still be cheap. We'll know more in the next six months.