No speculative company that is just getting moving earns a PE 100 ratio. More like 6 x4 =24. I like MYEC's chances here for long term growth/investment risks. However 1.3M revenue for all these O/S shares is not enough.
It just does not cut the mustard. In your calculation on your 100 PE you are nuts. Break your number down by 75% and you are close .04 is about right here. My money stays off the table until I see significant share reductions. Because if one thing is holding MYEC back it is too many shares. Yes I know 3B are restricted and can not be sold per 42rule. But, they are still outstanding and part of the MV of MYEC and an obligation to CEO.
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