Amfil Technologies Inc (FUNN)

[RJ693]

You could be right. Let's just say for the sake of argument the revenue for FYE 2018 turns out to be around $15M. That's roughly .03 per share (rounding off the OS @ 500M shares) As of today, the S&P 500 average PSR - price to sales (revenue) ratio - is 2.2. .03 * 2.2 = .066. Pretty close to what our PPS is right now.

On the other hand, what are the 1Q/2Q/3Q and here in a week the FYE 2019 numbers going to show? Who knows, but maybe $20M-$25M? Also 2.2 is the average PSR, but for a growth stage company with good revenue prospects in the pipeline, the PSR might be closer to 6 or 7 in the near term. That said, the numbers could easily justify a PPS of something closer to .25-.30 with some good 2019 numbers. We'll see, but I'm more a glass half full sort of person and am still optimistic we see .30 by 9/30 and .50 by 12/31.