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Re: None

Wednesday, 08/20/2008 12:24:01 PM

Wednesday, August 20, 2008 12:24:01 PM

Post# of 6629
Look at this dilution. 100M shares traded today already so that the company can get its measly $10,000. They're bleeding us dry. This thing is obviously going to 10 billion at least after they increase the authorized share count.

Let's see. Assume they can one day achieve $1M in profits. That would give us an EPS of $0.0001. That's today's share price. Assuming a multiple of 20, you'd have a pps of $0.002, 2 tenths of a penny. That would be an acceptable value for some people here (anybody who got in at $0.002 or lower, for instance). But it's going to take them a long time to get to $1M in earnings, and the reverse split is bound to happen well in advance.

Unless they can mount a mighty PR offensive, I'd say we're screwed.