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Re: Djdjdjdj post# 44047

Wednesday, 03/20/2019 10:44:35 PM

Wednesday, March 20, 2019 10:44:35 PM

Post# of 47146
Check the date Pretty Old 2017, LGBS is now into something else.

Eager to see the agreement with Algae Tech, the JV could be huge.

Some speculative figures:
How many Astaxanthin eggs does LGBS can sell daily in the US and Canada?
With a population of 360 Million, just taking 1% of them makes
3.3 Million potential customers eating daily A-eggs.
Each egg sells for $0.35, Whole sale price could be 50% of it,
LGBS could take 25% of the sale (JV with Algae Tech ) and earnings before taxes could be 15% of the revenues.

Profit/year = (3.3 M x $0.35 x 50% x 360) x 25% x 15% = $7.8 M/y

OS = 2000 M shrs, PE =20
=> PPS = ($7.8/2000 M) X 20 = 0.078