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Saturday, July 15, 2023 6:02:28 PM
One more thought….. here is a little exercise.
Let’s play with the net profit number. We just saw that Melvin’s crew increased net profit by 120% in less than one quarter. So again, that is a small sample size, but let’s be conservative and say they only grow it by 50%.... and let’s say it takes a whole quarter to do that. $891,000 x 2 would equal 2Q2023 If we add 50%. So 2ndQ net profit would be 1.5 x ($891,000x2) = $2,673,000. Then 3rdQ = 1.5 x $2,673,000 = $4,009,500. Also, 4thQ = 1.5 x $4,009,500 = $6,014,250.
Now add them up: $891,000 + $2,673,000 + $4,009,500 + $6,014,250 = $13,587,750 Net Profit for 2023.
Also, IF you use Veemost pre-merger 2023 numbers, the margins are 405,375/818,467 = ~50%. Using that would reflect revenue to be over $27 million but using more conservative margins would calculate to higher revenue. And then.....there are all of those near-term, yet-unreported, contracts, mergers, et., etc.
If you wanted to carry that exercise out through a complete 2024, it begins to get beautiful. This is all speculation and a fun exercise. Let's HODL and watch how close it gets or how much better than that Melvin does.
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