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Monday, January 22, 2007 8:07:29 PM
< Why does everyone think this will skyrocket after the merger? >
Because if/when the reverse merger gets finalized, UVCL will no longer exist. UVCL has been valued as a non operating shell.
Pure Romance will be the new company, with a change of name, change stock symbol, and new valuation. Pure Romance has growing Revenues and earnings of about $0.06 /share. So to value the stock of the new company, determine a PE Multiple. A very conservative Multiple would be 8.
$0.06 * 8 = $0.48 stock price
Theoritically, the new stock of Pure Romance should rise to $0.48 as investors become aware of the new company.
Looking forward, Pure Romance looks like a well run company with lots of room for growth. With her record and history, I would not bet against Patty Brisben. She built this company while divorced, and raising 4 children by herself.
There is no reason this could not grow to a Billion Dollar company. That would be 16 times larger than they are now.
Are you getting the picture?
IMHO
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