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Re: Howardhaftel post# 70133

Saturday, 07/12/2008 5:45:03 PM

Saturday, July 12, 2008 5:45:03 PM

Post# of 87366
based on the unearned revenue of 33 million in the current liabilty section and the spread of interest from the loans to the preferred stock the compamy should net over $33 million for fiscal year end 2007. 33 million divideded by 16 billion shares (assume worst case-fully dilute all o/s) equals .00206. A conservative p/e ratio of 15 makes the stock worth 3 cents per share. of course if more loans are closed this year the value is much higher
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