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Re: None

Wednesday, 05/28/2008 2:07:42 PM

Wednesday, May 28, 2008 2:07:42 PM

Post# of 97362
actually I think it will close as soon as the A/S share is reached. The million dollar question is what are the profits at jpt. IMO The industry average of a couple we looked at is around 4%+ of revenues. I thought I read somewhere that the someone spoke to an officer of JPT and they said profits werent as high as they would like. Someone can correct me if that was not the case so lets say its only 2% of REVS so 1.5 million dollars time a reasonable multiple lets say 10X. That means if the are doing 70 million in revs and only at 2% profit margin thats a 15 million dollar company. Lets say we get 10% then that make our shares worth about 1.5 million divided by a billion shares. or about .0015 at 5% of the company its worth about .00075. Now if the profit is 3 million then its worth about .003 Please check my math