Thursday, August 13, 2015 10:26:32 AM
First take the breaking news:
Calissio Announces Retirement of 77,250,000 Million Shares of Stock and Reports Progress on Share Buy Back Program
http://money.cnn.com/news/newsfeeds/articles/prnewswire/LN78957.htm
Now consider that IR confirmed to multiple iHubbers this morning that the OS remains unchanged at 242~ million. (There is no dilution here, just heavy trading.)
Now consider the revenues:
CRGP has earned $8.9 million revenues through Q2.
http://money.cnn.com/news/newsfeeds/articles/prnewswire/LN76797.htm
Now do the math:
$8.9 million revs through Q2 divided by 242~ million OS (confirmed by IR) = $.0367 PPS minimum, representing a potential 20-bagger from yesterday's .0018 close.
That's a minimum basic valuation. Adjust for future earnings and CRGP should be trading much, much higher.
NOW factor in the breaking news. 77,250,000 shares to be retired.
Get it?!?
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