A by-product of today’s surging stock market is a number of extremely overvalued short candidates with no fundamental value. The following 5 short candidates are newcomers to my Seeking Alpha short articles, have enterprise values of $1.0B to $4.3B, generate zero or nominal revenues, lose money, and have dysfunctional business models. In fact, most of these short candidates have barely any employees and/or assets; there is nothing there. Fundamentally, they should go to zero.
Name | Ticker | Price | Ent Val | Revs | EV/ Revs | Net Loss |
Neuromama | $6.90 | $4.3B | $0 | 1000x* | -$522k | |
San Lotus | $3.00 | $2.5B | $0 | 1000x* | -$212k | |
Crown Baus | $11.50 | $1.4B | $0 | 1000x* | -$28k | |
Moxian China | $5.35 | $1.1B | $16k | 67398x | -$1.2M | |
Blackcraft Cult | $5.00 | $1.0B | $1.7M | 597x | +$318k | |
*for companies without revenues, we use a default EV/Revs of 1000x | ||||||
Neuromama claims to have an advanced neural search engine that will satisfy the needs of Latin
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