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Thursday, September 03, 2015 3:52:25 PM
You could argue it is worth more than a p/e of 15 due to the fact that the company has no debt, liabilities and there is no threat of dilution but I remain conservative.
I think a person with a long term view could hold for .10 realistically and that is just based on 21 licensee agreements and the projected 1.2 mil in net profit in 2016.
As they add more licensees my target price will go up. If they end up with 35 by the end of 2016 as it has been speculated, I will be looking for .30 pps.
Buy and hold. IMO! I wonder if the person selling at .02 a couple of days ago thought he would be able to get back in cheaper?
Real investors are stepping in here. IMO!
Otcbargains Undervalued Penny Plays
http://investorshub.advfn.com/Otcbargains-Undervalued-Penny-Plays-23198/
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