Thursday, September 07, 2006 4:36:21 PM
So, with 50 billion shares, the company has a market cap of 5 million dollars. To be able to sell at .0002, and up, we need the bid to be at .0002, the ask would be anywhwere from .0003 to .0005, I would think.
An ask of .0005 would represent a market cap of 25 million at todays O/S. So, at the above mentioned price to sales ratio of 1, that would mean 25 million in JMCP annual sales, including equity appreciation from any land deals.
If you feel you can believe even part of company projections, they will hit this, no problem. If you do not believe than can hit these rev projections, I would suggest buying a different stock instead.
This is just how I make stock judgement calls.
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