We are unable to determine an accurate P/E ratio at this time. If you read the 10Q, you will understand the company is having trouble obtaining a revolving credit facility. As a result, preferred shares and shares tied to future dates are going to be used as a source of funding for this company. As the exercise date approaches, dilution will be necessary for creditors to exercise their stock options.
The current ballooning of the A/S the past few months is no surprise to a growing company which is spending more then your average retailer on advertising. This is one reason this is a publicly-traded company, to obtain financing through the open market because they are unable to get a credit line at this time.
As a result, the current P/E ratio as well as the future is very hard to determine since the transfer agent is gagged and we are unsure when the new shares locked up are set to enter the open market per previously held negotiations and agreements.
The chart is the only thing we can confirm, and volume doesn't lie. Watch the ticker tape, it's your best friend when you hold it's hand, when you ignore it, it can turn against you like an unruly pit bull in a dark alley.
HI-HO SILVER !!!
