MyECheck, Inc. (fka MYEC)

[stockonomy]

How do you figure?

Q4 our net income was 1,000,000

$1,000,000 x 4 Quarters = $4,000,000

$4,000,000/3,100,000,000 shares = $.00129 EPS

$.00129 EPS x 100 P/E (very low PE for the growth of this company) = $.129 Share Price

Now I know part of net income last quarter was due to debt being written off, so take that out, net income was around $350,000

$350,000 x 4 Quarters (which would be no growth over the next 3 quarters)
= $1,400,000

$1,400,000/3,100,000,000 = $.0004516 EPS

$.0004516 EPS x 100 P/E = $.04516 Share Price

^and this share price is based off of Q4 financials! With the contracts we have signed during Q1 we will have well over $350,000 of net income and I used a very low PE. So I do not expect a retrace from Q1 financials based on this information and the current share price.