Monday, September 30, 2019 12:33:07 AM
Let's take worse case, all 5 billion shares authorized. A $1 share price would give you a $5 billion market cap. If we took a worse case of 10 for the P/E we'd need to justify a $1 share price, we'd need $500 million in earnings. If you're optimistic, a P/E of 30 needs $167 million in earnings. Remember, we're currently at 3,5 billion shares.The question is when can we have a 167million $ in earnings???? NEVER!
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