Turbine Aviation Inc (TURA)

[McPatrick91]

Something to think about...

Something I have been thinking about, and would love to hear anyone else's thoughts.

If I remember correctly, GLGT had somewhere in the ball park of 700 million shares outstanding. To make this easy, let's just say before the reverse split there was 1 billion shares outstanding. Then they do a 1 for 10,000 split, leaving the company with 100,000 shares outstanding. (1,000,000,000 / 10,000 = 100,000)

A while back, the company filed a form D stating revenue was between $5 - $25 million. Now I know since then many of you have found that to be false information. However, we do know for a fact that Turbine Engine Center or Turbine Aviation is a real business based in Flordia. We know for a fact they do repair and refurbish jet engine, which is no $100,000 a year in revenue business. We can safely say they do a few million a year in revenue.

Let's be conservative and say they do $5,000,000 a year in revenue. It's actually not that crazy of a number considering they have around 20 employees (based on the number of cars in their parking lot) and they have to lease that huge commercial building and all the other obvious expenses they have.

So after everything is said and done, let's say the have a 10% net profit ($500,000 a year)

Now let's do a basic earnings multiple of 10x and the company is valued a $5,000,000

This would put this stock at $50 a share based on the fact that there are only 100,000 shares outstanding.

$50 x 100,000 shares = $5,000,000

If this is somewhat true, once everything comes to light, this stock should easily be in the $50 range. What are your thoughts?