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Re: KeepItRealistic post# 8525

Saturday, 11/14/2020 12:41:19 AM

Saturday, November 14, 2020 12:41:19 AM

Post# of 17833
Very. If Wandi is truly putting out ~50M in revenue and ~10M in earnings a year, that alone should support $2.25-$2.75 PPS. Add in the existing oil businesses (~.50), and some updates around PRX Biomed/99Tech (99 in particular is bigger than anything else, including Wandi,- in the investor presentation 99 has ~25% margins and due to covid sales accelerated projected supposedly over 20M in 2020 (before expanding to the US), and as a newer and tech based industry will carry a higher P/E multiple than Wandi or Tieshan)...big if, but if all three come together probably looking more like $6-$8 with upside on the reaction and in growth potential.

Also, $1.50 was an agreed upon price for Wandi- it is highly advantageous to both parties for the share price to exceed that, and not just by the .40-.50 that the existing company represents (that only benefits the sellers of Wandi), need something closer to $3 for it to make sense to DS and team