Geo, your numbers are great! I've ran numbers and continued to come up with a minimum pps in the range of .003 - .005 and a maximum of .027. Any of those numbers would make a lot of folks happy these days.
The issue isn't the value of the company or the quality of the product; the current valuation is the value of the CEO. Investors just don't believe that Francine is going to deliver on her promises based on the filings, financials, and auditor issues over the last year. I don't believe anyone is even concerned with misstated numbers from previous years.
Just this year; Boreal diluted billions of shares, promised no more dilution, promised updated numbers showing sales from China, promised 10Q for Q2 and Q3, promised audited FINS that covered both this year and previous years misstatements, promised news regarding water supply deals that would bring Boreal to near capacity production.
What has actually occurred; dilution early in the year, a fired auditor, the announcement of a financing agreement for $250K (which if not paid in advance will be more dilution, which she promised in an 8K not to do again. Also, if that loan has to be paid through dilution, it is forgone that more shares will have to authorized or a RS will have to occur to accommodate the dilution.)
Boreal has incredible potential with a great product, but the current pps is based on a complete lack of faith in Francine. Even though your numbers and my earlier numbers are logical, until Francine starts to deliver on the things she says she is going to do....this share price will continue in the trips.
