Good Life China Corporation (GLCC)

[garde54]

if we use 175 million o/s and just use the net income in the first quarter to be 540 k and a conservative multiple of 14 then for 2008 PPS = (14)(4)(540,000) / (175,000,000) = .17

if they meet their 2008 forecast of 4000 stores which is over 100 per cent increase from 2007 then a 34 multiple can be assigned bringing the projected pps to 1.16 USD at a 175 million pps .

using 400,000,000 million o/s brings pps to .51

but does this projected profits include the begeou renbai, sjjjf, petrochina marketing co. deals?

as the number of stores increase...then the closed loop iexpay can then be deployed as early as next year including othe financial services !

imo ! :)