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Re: rmessmer post# 67078

Friday, 05/16/2008 1:13:46 PM

Friday, May 16, 2008 1:13:46 PM

Post# of 76909
Lets do a math exercise. Let's ASSUME worst case that all 10 billion shares are outstanding. At .0001 company is valued at $1,000,000. Let's assume 3 stores are open and 2 web sites (mn99 and Invogue)are up and running. Let's further assume that each of the stores and each of the websites make an average yearly profit of $150,000 - not a whole lot for a dollar store or website but that's $750,000. Since this is a new growing company let's use a p/e of 25 and we have a market value of $18,750,000. That's 18 3/4 times higher than it is now , meaning the share price under those conditions should move to .0019. Don't forget that 6 months ago share price was at .005 with no stores, NADA. That's why I own it, not sure of everyone else's reasons.

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