Was writing a piece in late July on $PONS covering it on
@Delphi_Digital when it was ~$37M mcap (image 1), and compare it to where we are at now (image 2) in early Sep
Revenue then: $162k/d, xRev: 0.622
Revenue now: $1M/d, xRev: 0.832
We ~7xed revenue but xRev only went up by 0.2 bps? lol
Same story then, same story now. The market is simply telling us it doesn’t believe the PONS revenue story