From IDCX 10K extrapolations of 59 acres revs for $20./share.
Our facilities are located in Dandong city, Liaoning Province. We lease a total of 42 greenhouses from local farmers. In total, the area covered by the greenhouses is more than 27,000 square meters. The greenhouses are equipped with heaters to maintain optimal growing temperatures in the winter. Each greenhouse has a capacity to plant 500,000 blueberry seedlings" "Our products consist of blueberry seedlings of sizes ranging from 2 inches to 8 inches tall." -IDCX 10K quoted.
IDCX's 27,000 square meters is equal to 6.75 acres. (one acre = 4047 square meters)
IDCX's 42 greenhouses capacity of 500,000 plants (EACH) equals 21 MILLION plants!
IDCX's 59 acres divided by ([6.75 acres] of 21 million capacity) equals 8.74 times!
THEREFORE, 8.74 times 21 million plants equals 183,540,000. plants!
THAT'S 183.5 million plants capacity from the 59 acres, + PLUS 21 million plants from 42 greenhouses equals 204.5 million Blueberry plants at a minimum of $10. each equals 2,045,000,000., which is OVER TWO BILLION DOLLARS REVENUE!!
(In the USA, two year old plants cost about $10.; & these are SIX YEAR OLD PLANTS!!!)
In 2010, IDCX made ($3.3 million net income) from ($6 million net revenues).
Extrapolating that >50% ROI gives IDCX an enterprise value of one billion dollars; figuring in all 2016 accounts receivables available from their huge colossal expansion growth. IDCX's $1 billion enterprise value (theoretically) divided by approximately 50 million shares equates to $20./ share at the most modest of computations. IMHO considering all, especially such a TINY FLOAT, the blueberry booming huge colossal demand, & upscale juicing & food demand in China; IDCX will be well over $20. per share without a single doubt.
The evidence presented is more fact based here than any unsubstantiated opinions posted elsewhere without any backup basis for proof whatsoever. It's been historically accurate that default revoked registrations like IDCX have come back into compliance many-many times since the 2004 SEC's Delinquent Filers Branch was initiated. I've provided those PROOFS, & have (many) more; as well as personal verifications from SEC attorneys. IDCX has MANY subsidiaries now & also many associated UPSTREAM blueberry companies prospering & progressing very rapidly. That is undeniable & indisputable FACT.
GO IDCX GO BABY GO!
'Blueberry Pie On The Way! ROCK ON IDCX!'!
