Scott is on the money folks. 800k for the quarter...which means...

Scott is on the money folks. 800k for the quarter...which means revenues are 3.2 M annalised -'\).

My 2 c worth is that you can not do the valuation for this entity on revenues etc alone. You need to attribute a value to potential FME. The people taking up the placement have presumably done exactly that..and they have told us what they think by subscribing to new stock at 1.60 (which is 1.25 + approx 30% premium - numbers which may ring a bell with some) - and they are prly a bit better at valuations than any of us...No one throws away money for nothing.

On the other hand, if there are no detractors, there is no balancing of biased viewpoints, and certainly no entertainment value...which this forum tends to provide. Please don't flag any posts as inappropriate, as it takes away from the entertainment.