I had to resurrect FCTOA's after the latest PR release with Glenny's and then going into the last Q FCTOA posted on Nov 20, just a week ago.
Revenues generated from forecasted operations are expected to contribute $5,250,000 in gross proceeds, and are expected to be sufficient to meet all operational overhead for the coming twelve months including the Company and its subsidiaries.
This is a major increase of what I was told by PR earlier this year-
"Quote from: therainbow on May 30, 2006, 07:36:50 PM
FCTOA could be trading at $1.20-1.60 per share soon.
Fact corp has anticipated revenues for 2006 of $2.6 m posted in its last annual filing. With 17.3 m shares outstanding we have a trading price of $1.20 using a multiple of 8x."
Fact is trading in the .80/share price range at this time.
What really has my interest is what the company has been stating in recent PR's that a new client will be announced shortly that could add an additional $1 m+ in revenues this year alone.
If this does occur annual revenues of $3.5m with a multiple of 8x could bring FCTOA's share price to $1.61.
I have a nice base of shares from these price levels and can add quickly if a solid PR concerning a positive increase of fundamentals comes out.
With the increased revenues Fact Group can continue on this upward move and if additional shares have not hit the float the new numbers show FCTOA can go to $2.40 on projected revenues at 8x earnings. If float has increased, I am still comfortable at $1.70.
FCTOA a Pot o' Gold at the end of the rainbow!
