Share price has very little if anything at all to do with profit.

Look at TCK.B , it went from $4 to $20 in a month with no change in
profits or any fundamentals , strictly market sentiment.

To say this one can't go higher than $1 because of some wierd profit/
share pice ratio has no basis.

Hype and market sentiment drive share prices in the short term all the
time.

If enough people want in on this company and are willing to pay the
price it can go to any limit , at least temporarily.

There is still even a chance they will not get approval and it will go
back to a few cents.

In the context of corporate financial statements of publicly traded
companies, the NAVPS, more commonly referred to as book value per
share, is usually below the market price per share. The historical
cost accounting principle, which tends to understate certain asset
values, and the supply and demand forces of the marketplace generally
push stock prices above book value per share valuations

On Jul 4, 11:35 pm, "OPC!" <jun...@rocketmail.com> wrote: