My P/E calculation takes into account the MYEC's 3.086 billion os. So the math still works if the market at some point agrees with applying a 3000x trailing p/e ratio to the present os.
What is more likely to happen IMHO is that Ed will use profits from MYEC over the next couple of years to buy back shares, effectively eliminating them, make such a high valuation unnecessary. I expect the share structure to be more in the 100's of millions at some point down the road. I can't see myec on the NASDAQ with billions of shares on the books. My point was just that it is possible to have a 3000 p/e ratio for a company that is viewed as a high growth company and how it would affect our pps at the present os.
$MYEC$
My comments are not to be construed as investment advise. Please do your own due diligence and take full responsibility for your own decision to invest or not to invest in a stock.
