BB's Stock Haven

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$ASKH Who likes easy money? See below. I’m confident butt can’t guarantee anything- keep in mind I was once wrong back in 1993:

My estimated pps value currently for $ASKH is between $.66 and $1.10 - see below:

It’s easy to come up with an estimated pps valuation for $ASKH based on Thursday’s 8k:

Market cap currently is $1.2m

Currently O/S is 30m

Revenue of acquisition candidate is $20m

5 X factor of revenue puts potential market cap @ $100m

$100m / 30m = $3.3 pps estimation

But that is not it- additional shares will need be issued to secure the acquisition and financing mentioned in the 8k

Now we will need to guess how many shares will be needed to be added to the O/S to complete the acquisition deal- let’s go really high and guess 60m more shares:

Now estimated pps based on revenue and additional shares in o/s is:

$100m / 90m = $1.1 PPS

However, I like basing my estimated pps’s on the EPS- unfortunately from the resent 8k we don’t have that info- but we can guess:

A low profit margin is 10% - so profit on $20m is $2m

EPS on $2m using our 90m o/s assumption is .0222 EPS

Using a factor of 30 for intended growth, the estimated pps value based on estimated EPS is $.666

So being very conservative all the way around with all the asummed #’s

$ASKH’s estimated pps value is currently between $.666 and $1.1 per my calculations