Friday, August 08, 2008 12:18:01 PM
There are at least 30 million codes world wide.
Say NEOM captures 1% of them or 300,000 generating $250 each in annual revenues. This is $75 Million in annual revenues with minimal costs.
Even with a float of 5 billion shares revenue is $0.015 per share.
At a modest P/E ratio of 15/1 the share price is $0.225
How many codes are really out there and what if NEOM gets a bigger piece of the pie?
What if they generate $500 each in annual revenue? (as was once stated by CF)
What if the float stays where it is?
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