Could you share how you come up with a value TODAY of $40M? Claiming future sales, or mining revenue that don't exist now, and may never exist doesn't cut it. For today's valuation the only thing you could do is estimate the cost to replicate what Ken has that might turn into those sales or revenue. And my calculations put that well under $1M.
I'd love to see some real numbers that you use to rationalize your valuation. I understand that it is difficult because Ken has failed to produce any credible financial statements, but I am curious about the bull case.
You don't understand the concept of share issues if you think future earnings are not priced in to security value. Future earnings might not cut it for you but for Wall Street they do. Maybe Wall Street are wrong?
Your calculation, apart from being based on a false premise, is a bit clear of the mark considering we have several million in liquid assests.
I could quote you some real numbers that valued Sony at zero in 2012. It was making an annual loss for four years. Did share price reflect that loss of earnings - yes. Did share price drop to reflect a value of negative 457Billion Yen? errr no.
I spent 8 years on wall street, why don't you explain it to me? I will try and keep up.
What specific cash are you talking about? Since you are calling it a Liquid Asset you cannot be referring to pre-orders since those are actually on your balance sheet as liabilities (it is not your money), I assume you are referring to the IPO proceeds. Whatever is left of them is an asset (one that is declining though) and would be valued as such. If you have masks completed (doubtful at this point) that would be worth around $550,000 until they are worth zero. If you do not, then you actually have far less cash then you can imagine.
Seriously, Slaughter you need help. Start asking for it before you end up in prison.