Revenues are still quite low to really know how this business is performing. They are spending money on getting traffic to their website , how much of that traffic is being converted to revenue and customer return is unknown at this stage . The current valuation is pricing in a lot of success going forward imo. A retracement towards 30c is more possible than getting to 60c . $53M fully diluted valuation ( includes escrowed shares and performance shares and rights) at the current 38.5c
Revenues are still quite low to really know how this business is...
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