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Re: greenmachine2 post# 18995

Sunday, 10/09/2016 7:45:09 PM

Sunday, October 09, 2016 7:45:09 PM

Post# of 21105
Green, I would be very happy to see $40 mill revenues for 2017.
While I do think we may see growth in revenues as a result of the expansion of locations, I try to keep my expectations low so I am going to be extremely conservative in trying to estimate a fair & achievable value of the stock.

I know we don't know any numbers for 2016. But if we stay flat on revenues for the third straight year at ~$27 million in 2016, we still would deserve a market cap of ~$20 million and a price per share of $.05

$27 mill revenues x .73 (ave Price/sales ratio Trucking Industry)=$19.7 mill market cap / 405 mill shares outstanding= $.05 per share

(I posted this same valuation estimate in June 2016--see post # 17597)

What penny stock so you know that's taking in $27 mill in revenues the past 3 years and trades at $.0035? Once our financials for 2016 are released, the answer will be none IMO.

This is why I am still holding my shares.

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