420 Property Mgmt. Inc. (FTPM)

[stervc]

FTPM Fundamental Share Price Valuation

This is the final post towards the series of posts previously mentioned of which all are linked back from this post.

To determine where FTPM could fundamentally trade through logical deduction, I think I’m going to do things a little different this time. I had indicated that the key variables that are used to derive a fundamental valuation of which I believe we all can agree upon as known market formulas to derive a fundamental valuation are indicated below:

Revenues – Net Expenses = Net Income

Net Income ÷ Outstanding Shares (OS) = EPS

EPS X P/E Ratio = Fundamental Valuation (of Share Price)

In a previous post linked back, I had determined that a conservative EPS for FTPM would be .329 per share. This was based on FTPM only obtaining 1/10 of the potential per acre for its 7 properties of 65 acres (minimum) within the Marijuana Industry.

I had previously explained how 20 would be a fair P/E Ratio for the Marijuana Industry to use as the multiple for this example in deriving a share price valuation for FTPM. However, maybe I’m being overly optimistic. Maybe my thoughts are far too aggressive for how fast the company will truly grow.

Even if I was to use ”1” as a conservative P/E Ratio, the price of FTPM would be worth .329 per share if they were to only mature 1/10 of their 7 properties of 65 acres (minimum) within the Marijuana Industry derive as indicated below:

.329 EPS x “1” P/E Ratio = .329 Share Price Valuation

However, I mentioned earlier that a fair P/E Ratio to consider for the Marijuana Industry would be 20 which would justify FTPM being worth quite a bit higher for a share price that I think I will let anyone of you to do the math and post.

My point with this valuation is to get everyone to read through the series of posts below and use the “Substitution Property” to replace any of the variables that I had previously derived with what you as an individual investor believe would be a more conservative variable. Then share what you have derived. I am confident that ”ALL” would see that FTPM is significantly undervalued at these levels. This is why I truly believe that the company is full aware of what they have and will make certain announcements accordingly.

Please, just don’t believe me. Do the math considering if they were to max out the Outstanding Shares (OS) to be its max amount of 2,000,000,000 shares from only maturing 1/10 of its 7 properties of 65 acres (minimum) based upon the value that I posted the link indicating the worth for 1 acre within the Marijuana Industry. I’ll give you a hint… it’s higher than the derived .329 per share valuation indicated above. When you call and speak to the IR for FTPM, he will tell you that the OS is the same as what’s on OTC Markets which is 191,872,649 shares and was from the previous convertible debt and that no new convertibles will be done:
http://www.otcmarkets.com/stock/FTPM/profile

Even if the OS ends up being 300 Million shares or so to account for those Section 3(a)10 Exemption shares that I previously mentioned/explained in their filings, then you would see that FTPM could be potentially worth some very significant levels. I must say again, please do the math. I challenge all to do the math.

Please, feel free to correct my math. Maybe I’m a bit too optimistic. Please, research what I have posted below and pick any or all variables I used and please make them as conservative as you logically can to change to whatever variable you deem would be more conservative and share the share price valuation for FTPM that you have come up with then let’s discuss this within the forum:

FTPM**First Forum Agreement
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125795142

Key Variables to Determine for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125801874

Determining “potential” Revenues for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125803515

Determining “potential” Net Expenses for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125812462

Determining “potential” Net Income for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125814953

Determining “potential” Outstanding Shares (OS) for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125815562

Determining “potential” Earnings Per Share (EPS) for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125882207

Determining “potential” Price to Earnings (P/E) Ratio for FTPM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125884993

Also, regarding the debt and/or liabilities that some have brought to light from their recent financials, read below as to see why I believe such is of no significant concern and is actually a benefit:

Significant FTPM $35.4 Million Tax NOL Benefit
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125820318

FTPM**FINRA & SEC Legitimacy Confirmation
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125737023

v/r
Sterling