Calc, when I start seeing things like this below:
Ludlow Capital Initiates Research Opinion on Legend Mobile, Inc. (LGMB)
Last Updated: Sept. 4, 2008 - 6:17pm EST
(NEW YORK)-- Ludlow Capital Group, Inc initiates research opinion on Legend Mobile, Inc. (OTC: LGMB), a leader in mobile iPhone gaming and entertainment applications, with a 'speculative' B rating, and near-term price target of $0.10 to $0.15 per share.
SUMMARY
Ludlow has learned that the company is entering the lucrative mobile gaming sector with a number of mobile games for the iPhone platform. Additional information from the company is expected to be forthcoming.
VALUATION
A similar small cap public company developing mobile games for the iPhone platform is Artificial Life, Inc. (OTC: ALIF), which currently trades with a market cap of around $74 million. With around 76 million shares issued and outstanding, LGMB could justify a fair 'speculative' market value of at least $10 million, or between $0.10 to $0.15 per share.
It's difficult not to be positive and up-beat.....