When this stock was pumped, it barely had a million in sales and achieved a market cap of 160 million.
Even with the outlandish dilution and incredible amount of stock outstanding as a result of it, a market cap of about 34 million is .01 cents a share.
Working with my initial thoughts of 20 million it is about .0067 cents a share.
People lose track of things with big o/s stock it is a market cap and potential that counts.
LOTTO/POWERBALL Ticket.. yes for sure.
But the sales for 9 months were about 2.7 million and should be over 4 million for 2015 as a whole due to the Argentian project which was inaugurated on Oct 15 after the 9-30 deadline.
The question is , did US sales (which started last summer) Mobile mills sales , which started 4th quarter and sales in India gain some traction since we last heard from the company. And if so are things on track to accelerate going forward. That is a big question and we just do not know much right now.
If this thing can generate 4-5 million a quarter is it worth 20-30 million? I think so. Is it worth taking out 2-3 million in toxic debt to create that value? I think so.
My initial hope was for a 20 million marker value on 2 billion shares o/s. Now with the same market val you have .067. So the potential keeps dwindling as more share are issued and also keep in mind the issuance is ongoing so there are more shares outstanding than we know about right now.
It is clearly a major longshot but interesting to follow nonetheless and only suitable for a minor investment (small , very small) of high risk money.
