Ann: SMX Collaboration agreement with BASF, page-185

Glyco you should know this very well at this end of the market, revenue, eps, debt to income, PE ratio ...etc metrics do not apply.

So purely looking at market cap versus revenue is irrelevant.

What you need to assess for is the future potential of will SMX disrupt these verticals they are targeting, will SMX be around and potentially generate significant revenue and build a sustainable business in the future.