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Re: Mike24_Pr post# 28618

Thursday, 10/20/2016 9:12:40 PM

Thursday, October 20, 2016 9:12:40 PM

Post# of 30846
If Smith and Morris revenues are no longer going to be under the IFCR umbrella, then all we have are these two subs: (Correct me if I'm wrong)

American Transportation of Hartford CT acquired July 2015 with revenues of approx $4.5 million stated in the press release.

SC Trucking of Philadelphia, PA acquired Feb 2016 with revenues of approx $1 million stated in the press release.

That's a total of $5.5 million annually. Maybe $6 mill if their business grew throughout 2016.

A reasonable per share value for a Trucking company with $6 million in revenues and 5 billion shares is $.0008 or $.0009 (That's an 8 or 9 bagger from here)

.73X revenues is the ave. market cap of Trucking Industry
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html

.73x $6,000,000= $4,380,000 divided by 5 billion shares and you get
$.000876 per share.

Of course this valuation doesn't take into account the effects of any debt, possible R/S, or new acquisitions etc..

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