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Friday, 01/14/2022 7:55:27 PM

Friday, January 14, 2022 7:55:27 PM

Post# of 28548
Just thinking out loud here as my accounting skills are lacking but in spite of that I'm going to try drilling down into the numbers a bit.
If $4,488,225 was net income for the 3 months ending November 30, 2021, divided by 656 million shares outstanding that would be an EPS of about .07 for the quarter (or .28 annualized).
A 15X Price to Earnings ratio would put a fair valued share price at roughly $4.20 per share by my calculations.
Since I could be off by a lot here I'd welcome others on this board to weigh in on those calculations.
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