P10 Industries Inc. (PX)

[chemist72]

My most pessimistic forecast for PIOE.

Not to dampen anyone's holiday spirit of joy, I was just curious what kind of price forecast for PIOE I would come up with making what I consider to be possible but on the lowest side predictions for PIOE.

1) To start with, I will assume $23 M in revenues for the combined RCP2,3 acquisitions in 2017. (Could easily be more since I do not know if the figure of $23M includes RCP3. Also this number is obviously not up to date for Q4 2017.)

2) Then I will assume a very low profit margin of 40%. (As noted previously by myself and others, most investment advisor companies usually have profit margins around 50%.

So here's the calculation: 40% x $23M = $9.2M earnings;

$9.2M/89M shares = $.103 EPS;

Finally I will use a price multiple of only 9.0 (something in the range of 10-15 is more typical).

$.103 x 9 = $.927

Coincidence or not, this happens to be very close to the current all-time high of PIOE, which was $.9273, the day after the acquisition of RCP2 was announced. (P.S., I did not "rig" this calculation to come out this way. It was purely accidental!)