Not even close to a million. More like $300,000 if they've sold out which I strongly doubt. And this is the crux of the problem. I continually see a theme of guidance that treats the PPS as if it were a probability equation. It's not a matter of waiting for an entry point in terms of time but in terms of fundamentals and underlying valuation. The company has not shown anything that values the company at anything more than sub penny and buyers are now realizing that and no longer buying the tall tales and Money TV promotions. It's come to the point where they've said show us. Until then I don't think you'll see anything but decline and with each day another $3,000 gets burned. When they do come out with numbers, if they do, I think it's going to be ugly. Remember, all they've told us is they had $2500 in sales in huge last nine months to April and one container worth $200,000 gross that arrived a couple of weeks ago with no others on the way. How can the company be objectively valued at anything other than a reasonable multiplier of earnings? They stand to make $60,000 or so on a net basis at best which would be a book value of $.0001 per share. A multiplier of 170X would have to be considered to arrive at current value. This is what traders and buyers are looking at. For a while it's a game and a gamble where there's money to be made on the "play" with nothing to do with fundamentals. Now the shine is off and all the Money TV spots in the world aren't going to do anything, only profits will.
