Market 99 Ltd (fka MNTY)

[lwtebo]

Here's a thought. This is the 1st stock I've ever bought, so bare with me on this. But isn't the value of a stock somewhat determined by the earnings of a company divided by it's O/S?

They're expected earning were something like 3.2 million prior to the merger right? Well no matter how great a merger this was, I can't image any earnings report coming out in the near to mid future that says they've made 20 million. 20 million in earnings is approximitly the number we'd need to see to make this stock worth the .016 it's hanging around at if some of the earlier posts are right and the O/S is 1.2 billion.

Yes, I am an owner. Bought in around it's peak at $2.98 presplit and have poorly managed it up to this point.

Please comment.