Monday, April 30, 2018 11:35:08 AM
True they have about 650 million shares outstanding, but 80% is held by the company officers.
Assuming a realistic 25% net earnings on $40 million of $10 million and using a low PE ratio of 15 gets us to a $150 million market cap, putting our share price at
.23 cents! So with $200 million in revenue at build out with a 15 PE ratio we get a market cap of $750 million giving us a share price of $1.15!
A PE ratio of 15 is very low considering the growth rate of 500% over just 3 years.
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