Wednesday, January 30, 2019 8:06:09 AM
O/S = 114,056,464
If the company earns ONLY 1 million then:
1,000,000/114,056,464 = .0087 per share valuation
If it trades at 5x earnings then: .0438
If 10x earnings then: .0876
THATS ONLY WITH 1 MILLION IN REVENUE.
AFTER THE PR TODAY. I CONSERVATIVELY ESTIMATE 10 MILLION IN 2019, see below:
10 mil x 1 (earnings) / 114,056,464 = .087
10 mil x 5 (earnings) / 114,056,464 = .438
10 mil x 10 (earnings) / 114,056,464 = .876
I do think the 10-50 million range is very attainable with their business model.
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