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Re: orion1 post# 2909

Saturday, 04/07/2007 5:07:56 PM

Saturday, April 07, 2007 5:07:56 PM

Post# of 132364
Orion1,
The longer you stay in "penny land" the more hesitant you will be to give price projections. It is almost more a matter of doing your homework and putting your money where it makes the most sense. WRNW has given projections of around $10 million in income for 2007, give or take. If that is anything close to accurate I would use the total Authorized for WRNW of 500 million since this would be the biggest possible share count. Those conditions give you $0.02 a share, which is about 4x where we are now. If they announce profitable M&A's , better than expected oil recovery etc. , who knows? Personally I hope to see a nickel soon and what follows depends on what the company demonstrates it can do. In my experience with microcaps the biggest factor is management. If we have a company well run by individuals intent upon going as far as they can take it by legitimately growing the company we will be fine.

...all my opinion...