Else Nutrition Holdings Inc (BABYF)

[pual]

Assuming the last quarter generated revenues of (2,400 X 1,25) $3,000,000 and that the next 3 quarters will show growth of 25%/quarter (3,750,000, 4,650,000, 6,000,000 and 7,500,000) our annual revenue would be about $ 22,000,000.

ASSUMING NO FURTHER DILUTION (115,000,000 O/S) ... and a multiplier of 8 (no debt), our justified pps would be $1,50 or so instead of our current $ 0,75.

I therefore suggest that the market doesn't believe that such a growth (25%/quarter) of revenue can be achieved if our management keeps doing the same thing between now and mid 2023.