Over $93,000,000 in projected revenues, by July 2007 and better than 30% profit margin! Take a look at the SLJB pro forma numbers: http://www.suljabros.com/pdf/proforma07.pdf
800,000,000 A/S and 500,000,000 O/S and under 150,000,000 float.
WESSAL INT'L WANTS 125,000,000 SHARES OF THE FLOAT.
PPS UNDER .15??? A screaming DEAL!
All that is needed is the verification of the 2006 financials to MAKE THE 2007 PROJECTION A BIT MORE RELIABLE.
Using Patry's formula for trailing PE and the pro forma numbers linked above (and assuming 500MM O/S), the 2007 current PE is .186 and with a growth multiple of 30, the trailing PE would be about $5.58 pps in early summer 2007 if I'm not mistaken. No wonder Steve Sulja said in a PR that the current accounts justify NASDAQ listing. The real price requirement there at NASDAQ FOR LISTING is $5.00 per share. http://www.investorshub.com/boards/read_msg.asp?message_id=14360378
Do your own DD and don't be hurt by bashers or pumpers!
THIS IS NOT A SOLICITATION TO BUY OR SELL STOCK.
Nothing goes straight up, corrections are to be expected. WE could go to .30 and back to .18, but what is the trend? Check a chart and know the fundamentals even if they are hard to verify in the Middle East. THERE IS NEVER A BAD TIME TO TAKE PROFITS.
DIVERSIFY AND NEVER INVEST MONEY YOU CANNOT AFORD TO LOSE.
THIS IS A VERY HIGH RISK ENVIRONMENT: THE PINKSHEETS