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Re: DomerJon post# 55485

Friday, 02/17/2023 11:09:43 AM

Friday, February 17, 2023 11:09:43 AM

Post# of 62997
They’re projected to do about $20 - $25 million per year in revenue by the end of 2024. And higher going forward.

And shrimp is a good profit margin industry. Especially genetics.

Therefore I anticipate market cap will be at least a 7x multiple of their revenue. And if revenue gets to be $25 million (annual), and 7x of that = $175 million market cap.

$175 million / 1.38 billion outstanding shares

= $0.12+ per share.

They can easily hit this in a year or so, in my opinion.