That sounds like a pretty reasonable and sound reading-of the Company's fiscal circumstances and operations.
I believe that the "numbers" are somewhat higher than those you presented in your Post...perhaps double, triple those you cited.
With some 447-million Shares O/S, it would take a NET PROFIT OF $4,000,000.00 (four million Dollars) to = One Cent of Profit.
THEN, using standard Market P/E Valuations: -- $0.01 x P/E of 10 = Share-Price of $0.10 (ten Cents)! -- $0.01 Earnings x P/E of 20 = Share-Price of $0.20 (twenty Cents)!
Could this Company -- ever?? -- get there?
There's always the possibility, of course.
In the meantime, and until Cary Allen, the CEO, either retires (IMO) or chooses otherwise (to disclose the $$$), OR Sells/Merges the Company, things will remain largely the same...Yet I still foresee SOME gains in Share-Price coming...perhaps (in the next 12 months) to $0.018 (a Penny-and-three-fourths)...with LUCK and HOPE...
Clearly, and frustratingly (for Shareholders), OTHER sub-Penny Companies, having the Revenues/Profits of JCDS would GLADLY SAY SO, and would GLADLY FILE and REPORT accordingly...and, for SOME of them, their Share-Prices would "soar" to...say...$0.05 - $0.20 on such News.
There are many, many small and struggling Companies out there that would gladly give their eye-teeth...Hell, their dang TEETH if necessary!... to have the "numbers" that JCDS now has.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.