SPOOZ Inc (SPZI)

[Traderfan]

Peeved


Good DD but obviously there is one big mistake in it.


"18 million X 10:1 PR ratio = 180 million"


This is wrong. First 500 per account is too high obviously if you sell so many. Second I'm not sure what you mean by the above but I think you confuse revenues and profits.

Even if you take 500 per seat the above is wrong. It would be more like 40% profits of these 18 million dollars and that would be more like 7.2 million and now you can put a reality based PE like 20 or so. That would mean you get 5 billion shares divided through 7.2 income and that would be 0.00144 in profits per share and times 20 that would be 0.0288 as a fair share price.

Still good I would say but you have to do the math with 300-350 dollars per seat I think.