Sunday, June 11, 2017 8:15:40 PM
We do not know what the OS count is since there has been no 10K or 10Q filed since the mediation started in earnest. Last figure was 14.2 million (November 2016); let's call it 20 million today.
That would translate into $2.5 per share ($50 million/20 million). I have never seen an OTC stock with any kind of positive earnings with a P/E ratio that was not substantially above 1.0. It might be reasonable to assume 10.0 or more; for approximation call it 5.0.
For those folks that have accumulated a large number of shares during these depressed PPS "opportunities" (just less than 5% of the OS count in order not to be required to file a schedule SEC 13D Form) such a P/E ratio would translate into a minimum value of their GERS' shares as 14.2 million X 0.05 X 5.0 x $2.5 = $8,875,000 (the very low end of this estimate if all the above materializes).
OK, you can wake up now! Fantasy dream over; but the analysis exemplifies the lottery-like money that might, just might be in play here with odds much more favorable than that of a government sponsored lottery.
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