Atwec Technologies Inc (ATWT)

[metropick]

I thought I recall someone saying ATWT could reach $5. Maybe my naive, ignorant, and grossly flawed analysis of the data is wrong, but I don't see it happening...

CONSIDER:
-Since 7/26 the outstanding share count was reported to be 420,073,828 shares. Let's say the new count is 490,000,000 with all the buying as of late.

-2006 Revenue is supposed to be in the ballpark of:
(100000 units by EOY * $290/unit) + $3M Sales to date = $32M

-Let's then say Net Income will be in the ballpark of $1M-$15M. if someone knows the unit costs, maybe we can narrow down the net income range

THEN:
-With a p/e assumption of 15, here's the PPS I get per $million of net income...

Outstanding Shares = 490000000
P/E = 15

Net -- EPS -- PPS
$1M $0.002 $0.031
$2M $0.004 $0.061
$3M $0.006 $0.092
$4M $0.008 $0.122
$5M $0.010 $0.153
$6M $0.012 $0.184
$7M $0.014 $0.214
$8M $0.016 $0.245
$9M $0.018 $0.276
$10M $0.020 $0.306
$11M $0.022 $0.337
$12M $0.024 $0.367
$13M $0.027 $0.398
$14M $0.029 $0.429
$15M $0.031 $0.459

So, how then can this stock get to $5 unless a r/s occurs, the p/e goes into the hundreds, or net income increases to $160M?

I don't see $5 or even $1, but I do see some nice returns sitting on my avg 0.003...

For those gurus out there, please don't bash my stock-math... i'm a poor newbie and can only dish it out.

metro