trop, did you read the fine print in that PR? XHUA was (and i'm assuming IS) a legit company that at one time was cranking a ton of revenue. look at these numbers:
"Net sales for this year's first quarter totaled $50,220 after discounts and returns versus $16,068,991 in the year ago quarter that included Xinhua C & D. The company had a net loss of $1,295,925 in the quarter this year compared with a net loss of $1,715,896 in the year ago quarter. The company said it is taking actions to cut costs and build the business, including reductions in headcounts and corporate overhead expenses, while developing the Joannes business." ______
let's apply those revenues to the OS now, and assume all the shares from cornell get converted. call the OS 300M shares.
now let's give it 20% margins which seems low for a growing company, but probably on par with established competitors. remember, the new business is online, and this step was taken to reduce overhead.
so, if they were to produce $16M in one quarter that means annualized revenues of 64M. X .2 margins = 12.8M net profit, divided by 300M shares OS = .0426/share. sounds great right? but that's with NO multiple. how about with a 10 pe ratio, which i think is conservative, that's .426/share. a 237 bagger from today's close. lol
now who can say when or even if they will produce revenues. i just think it's pretty bullish that this management team built such a large company in the past. i am betting they will do it again. imo this history makes XHUA a cut above many other lotto plays.
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