Tuesday, May 23, 2006 8:41:51 AM
There was a loan from Consultech for $10 million that does not have to be paid back! This goes to the bottom line. $10 million in earnings alone makes this stock .02 per share without any multiple. ALL profitable, transparent, public, OTC companies with growth trade with AT LEAST A 10x P/E! A 20x P/E is more like it. If you stick a 20x P/E (which is normal) on the forgiven loan alone (without adding all the other earnings) this stock will go to .40.
That makes it a 16 bagger right there when earnings are released sometime this week.
asus
Quote 03-19-08
"Yes, we must, indeed, all hang together, or most assuredly we shall all hang separately." ~Benjamin Franklin to John Hancock
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