I was in FRPT back when it was trading under .20,,so, I like to use this comparison as to the potential here.
FRPT did 2.5 mill in net earnings last Q, with an o/s of about 70 mill. PPS avg about 25 bucks last 3 months. They booked 100 mill in revenues.
I think their gross margins are about 20%, someone correct me if I a wrong.
In 3 months time, I'm anticipating MCCY to report conservativley between 30-40 million in revenue.
The o/s is 75 mill...a/s 100 mill.
Gross margins are around 80%!!
MCCY current PPS is .17????
Doesn't take a rocket scientist to figure out this is abusively undervalued!