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Friday, June 08, 2007 1:55:52 PM
The multiplier varies pretty widely according to relevant factors--the company's financial history, evidence of growth potential, strength of the market sector, the fact that it is a pink sheet stock, etc.
I recall the company saying profits were in the range of 40% (someone please correct me if I'm wrong) and I use a totally arbitrary multiplier of 10X (which seems to me to balance the company's lack of history and its status as a pinky with it's strong growth potential), we get:
[(3.3 million X .40)/6.1 billion] X 10 = .0022
That's my position on current share value.
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