.005 is a good base. But we are in pink, pink companies growth exponetial when it does. This demand a much higher P/E, you know this. It's risk and reward.
Look, they did just about $2.4 million last year. This year is expect to be $15-$20 mil. That is almost 1000% growth.
So if you are to use the bigboard's evaluation method, it won't work here.
This company potentially double their expected revenue this year from leads from the tradeshow coming up. They have amazing client list.
Then look at the industry itself. Clean drinking water is soon to be just like oil at its peak.
Many bottling companies are facing shortages of water. Nestle's is facing big problem with its bottling plants in CA. Protests took place this week, actually today at that site.
So your P/E of 10 is just not right for this company.
Now, consider other pinks that ran to pennies from .0002, they never really have income. They don't have a real real business to talk about. They are in "start up" phase. BRWC is totally different. This company soon to be qualified to be on Nasdaq. You just watch. However I feel that we will have a buyout offer before you know it.
Why do I think buyout is highly possible? Look at what the company is doing with its financial house cleaning, insiders bought 75% of shares put out either conversion or what else. Who does that?
Also they have a contract for $.01 per gallon of water ... this contract will last long after we all die.
Still think P/E should be just 10? I think not. Now look at P/E for big boards and nasdaq.... now it's up to 30 to 60. CRAZY? YES!!!!!
When I was in school 20 years plus ago ... P/E of 8 was high. P/E of 15 was considered very high even in tech.
So, P/E of 10 for this company is just a joke. It grows almost 1000% this year based on the contract and expected revenue.
