AmericaTowne Holdings Inc (ATMO)

[Shepo69]

Anybody done any valuation calulations on this ?
I keep seeing people talking about less then 20 mil shars.. but there is really 60 mill with 40 restricted but they still have to be considred in any valuation calculation right ?? Seems to me like this is just way over priced.. in one of the pr they talked about their expected earnings.. they were looking at 24 mil in revenue, but only 200,000 in profits after expenses..divied by 60mil shares = .0033/share.. with a P/E of 10, your looking at only .03/share.. ?? Just a thought..