$Sunshine Biopharma (SBFM.US)$ Despite the EPS missing the e...
Despite the EPS missing the estimate, it is in an improving stage and the insider is positive in holding this.💪
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ABC1234567OP : revenue of 7.5M with the stock price of $0.8
The Real Wojak : That’s not how you calculate fair value
ABC1234567OP The Real Wojak: then what is the fair value should be?
TheLongKhan : Internet search says fair value is ~$2.28
The Real Wojak : Considering they aren’t profitable, did a 1:100 reverse split and then had the audacity to reprice the old warrants at $1.026. I’d say it’s fair value is literally negative like less than zero because the longer you hold the more money they will steal but if we’re trying to be analytical I’d say at best 1x sales which would be a market cap of $7.5M or about $0.35-0.40
The Real Wojak : That’s why I’m still hesitant to even try it at $0.75 only reason would be because I’m betting they will pump the price back up to a dollar again at some point in order to exercise more warrants
The Real Wojak TheLongKhan: That’s probably accurate