ElectricJester54
19 hours ago
Yes, you have to view it in the context of the stocks history and trajectory. 6 months ago this was an empty shell known by no one except those looking to clean and occupy it. Yes that type of growth seems like a lot when you look at it from just a multiplier context, but when you put it in the back drop of this was a fraction of a penny and empty shell and by the end of the year it will be occupied by prominent long standing oil and gas companies operating for almost a century in the case of Button Energy and having well over 100M in revenue and close to 50M in assets with a float of only 14M shares, which is about to be further reduced with the stock buy back, then yes it is possible. That's the whole beauty of this play. They are dedicated to reaching Nasdaq and have the fundamental financial operations as well as the share structure to achieve it. The hurdle is effective PR for the stock so the market becomes aware of the opportunity. From a basic financial/share structure stand point, yes it is financially feasible to reach that point so long as the market is appropriately aware of the stock itself and builds the share price to a point that reflects industry standard share price ratios for its inherent financial operations.