Turbine Aviation Inc (TURA)

[SooS416]

Back of the envelope predictions

Now if the DD is right and we are looking at $5M-$25M in revs then has the potential for the following

Assume 900M O/S 20PE (Avg for industry) 5% Net profit margin (Boeings 2013 margin)

Not i know this is all abstract but give indication of potential share price.

5M Revs - 250K Income .00027 eps x20PE= .005
10M Revs - 500K Income .00055 eps x20PE= .011
20M Revs - 1M Income .001 eps X20PE= .022

Now this is assuming all the above, with smaller O/S, higher profit margin, or reason to increase the PE greatly changes the calculations.

For example with 10M revs and only 800M O/S =.025