Coretec Group Inc (CRTG)

[Testpilot]

Agreed

- Current situation:
- Shares issued: 2.5 billion
- Current share price: $0.02
- Market capitalization (market cap): approximately $50 million (2.5 billion shares x $0.02)
- Projected sales: $16 million
- Price/Sales ratio (P/S ratio): 3.25 (which you mentioned might be optimistic)

To estimate the future share price, we can use the P/S ratio formula:

P/S Ratio = Market Capitalization / Sales

Rearranging the formula to solve for Market Capitalization:

Market Capitalization = P/S Ratio x Sales

Substituting the values:

Market Capitalization = 3.25 x $16,000,000 = $52,000,000

With 2.5 billion shares outstanding, the estimated future share price would be:

Estimated Future Share Price = Market Capitalization / Total Shares
= $52,000,000 / 2,500,000,000
= $0.0208

So, based on these calculations, the share price might still be around two cents, assuming the P/S ratio and sales projections hold true.