$DLCR fair market PPS Based on its first starte
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Based on its first starter projected (with more to come), Revenues of 3 mil/year as per last PR this stock should be trading in the pennies already.
It's just a matter of time that the market adjusts itself.
L2 has not shown any sign of dilution for almost 2 weeks now.
This is impatient retail selling for a loss, as no retail is making a profit by selling near the 52 year low !
Chart has bottomed and should reverse very soon.
Fair PPS for the company can be calculated based on projected revenues and then applying a P/E ratio.
The industry standard for P/E for a company in this sector (Paper/Forest Product) is 27.96 (see link below)
http://pages.stern.nyu.edu/~adamodar/New_Home...edata.html
The price-earnings ratio (P/E ratio) is a valuation measure that compares the level of stock prices to the level of corporate profits, providing investors with a sense of a stock’s value. To calculate a company’s P/E ratio, use the following formula:
P/E ratio = price per share / earnings per share (EPS)
Where EPS = earnings/total shares outstanding
Simple math tells you we should be well into the pennies even if the OS was maxed out, which is it clearly not.
There are pennies out there with practically no revenue and bigger OS at multiples of our share price !