Thursday, September 15, 2011 5:27:40 AM
Current market value is $3,835,029 with 2,950,022,615 shares outstanding.
When Matt converts his 1,781,000,000 shares into preferred stock
O/S will be reduced to 1,169,022,615. That gives market value of $1,519,729 a reduction by factor of 2.52.
This means that there is a chance that based on valuation alone we should go up at least 252% to 0.0033 :)
Further share buyback might put it even higher and all that without even considering any R/M news :)
Add R/M with 10mln revenue company puts this stock at 0.0085 with P/E of 1...
And with P/E of 5 or 10....
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