Actually, some of my math is off.
P/E for 15 was OK, but the rest were off.
P/E at 50 should have yielded a share price of about 43 cents, and. P/E of 100 should have yielded a share price of about 87 cents.
The math was grounded in this company's business plan, not fantasy. The fantasy part may be them pulling off a flawless execution of it.
It's the same business model that broadcast TV uses, radio, free newspapers, and some magazines use. It has been proven to work in other media, so it isn't fantasy to think it can work here.