Thursday, November 02, 2006 10:14:25 PM
DAC 1.000 O/S receives 130,000 x 1 DBAC shares = 130 M
DBAC O/S = 181 M
PTSH owns 130M/181M = 72 % of DBAC
The other 28% of DBAC = 51 M shares, belongs to PWVG ex-shareholders.
If only the $5,3 M contract is considered, and if profits are 30% of revenue, then
$5,3 M / 181 M shares = 0,0293 $ revenue per share at DBAC
30% profits x 0,0293 = 0,0088 $ EPS at DBAC
consider PE=20, then
PPS (DBAC)= PExEPS = 20 x 0,0088 $ = 0,176 $
http://img224.imageshack.us/img224/7699/ptshdbac02nov06diarioao9.png
PWVG closed at 0,18 $ yesterday, prior to the name change to DBAC.
When the dealing was inked, PWVG's SMA(10) was 0,25 $.
The difference from 0,0176 to 0,25 $ surelly is due to other revenues from PWVG and DBA, other than the 5,3 M contract.
it also matches, that 0,0176 DBAC' PPS due to the $5,3M DBA's contract, is the 70% of 0,025 $ (PWVR, or DBAC)' SMA(20) as of the day of the R/M agreement.
Obviously, DBA has some more revenues than the $5,3M contract, and the 70% is a little lesser than the 72% stake of DBA in DBAC.
All numbers match, as of the public numbers, from DBAC's PPS at the date of the R/M PR, the date of the agreement 2 weeks ago, when the SMA(10) of DBAC (ex-PWVG) was 0,25$, the O/S numbers, DBA's 72% stake in DBAC, PWVG's 18% stake in DBAC, and the known revenues in DBA.
Considering SMA(20) or SMA(10), doesn't make more than a 10% difference, as both averages almost matched at that date, in a crossover.
Now, for the expected PPS in PTSH, as for the R/M:
72% of DBAC earnings belong to PTSH.
72% of DBAC = 130.000.000 shares belonging to PTSH
0,0088 $ EPS at DBAC x 130 M = $1,14 M (Earnings from DBAC that belong to PTSH).
PTSH O/S is around 350 M:
$1,14 M/ 350 M = 0,00326 $ EPS at PTSH due to its 72% ownership in DBAC.
Considering PE=20,... we get an estimated PPS at PTSH:
PTSH 's PPS = PEx EPS = 20 X 0,00326 = 0,0652 $
PTSH closed at 0,0120 today... 0,0652/0,0120= 5,43
PTSH X5 BAGGER based on the $5,3 M contract only, &considering a PE= of 20 (very conservative).
Considering a PE of 50, as from other posters, we get a PPS of 0,162 $ in PTSH.
Consider that there has been a recent contract signed, for PTSH, and we surely should end up trading around 0,100 to 0,250 $.
We could be sitting on top of a x10 to x20 bagger at today's closing PPS.
Note that the charts and PPS that TA showed for the long term, are also 0,100 $ to 0,250 $;... so, once again, the chart matches with the reality!!!
This chart was annotated 3 weeks ago, and today matches with the numbers that have come out !!!...
http://img19.imageshack.us/img19/9067/ptsh13oct2006semanal2aosus6.png
I could see a x50 bagger from the PPS where I bought it, and posted it at 0,0040 $.
.
Follow me at your own risk; look where I'm fishin' LOL
All I say is my opinion &I could be wrong. Do your DD!
http://investorshub.advfn.com/boards/addBrdMrk.asp?board_id=11428
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