Saturday, August 08, 2009 11:37:42 PM
After reading like 200 posts, I have yet to find out the real deal for SYNJ.
I know they are going to have a 2.6mln gallon bio diesel plant coming up this year. And 10mln gallons soon.
So that will give a revenue of about $5mln.
Profits would be at the lower $1mln from their bio diesel venture. But then again, their bio diesel is not wholly theirs. So can any long timer please give the real deal that this company has that warrants an increase in the PPS?
For this stock to hit $0.10 like what most ppl are thinking, they need to have revenues of $50mln with net profit of $5mln
As $5mln/(more than 1bln of shares as Nonrestricted is already at 931mln, assuming 2bln shares) = 0.0025
The EPS about 0.0025, then the stock can be traded at 30X 0.0025 = 7.5cts
I cant find evidence that shows that this company is able to earn $5mln a year. Any of you managed to find any?
Like SPNG has proof of sales more than $50mln already for this year, thus allowing their PPS to be at the 15cts range with their O/S at a low 722mln. Lower than this SYNJ.
Thanks alot. Please advise on our SYNJ investments, rather than talking about price charts... I know this has potential, but please anyone give evidence.
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