Actually, the stock price is probably right around where it should be. If P/E of about 6 is an accurate measure of this company's performance. BUT, if they continue to grow sales, to say $6M in 2012 then the stock price should go up.
How do you have $37M in debt listed as "retained earnings" instead of long-term debt (anybody read last 8K)? What ever the upward trajectory in sales may be one has to ask does the market potential visa vie new off shore and other more established competitors and technologies and the current business climate tell ANYONE that this company will survive? Where will the quantifiable business come from that isn't posted on their website in a scripted press release?