Nano Global Inc (NNGB)

[watching4Mergers]

Lennyg: RE: $2.00 per share

Here is a quote from the 14 page PDF from The Research Works, Inc. on the write-up on NNOS, dated 9/15/04

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“Based upon the understanding of the healthcare market, and on the assumption that the company will be successful in raising sufficient working capital and then be able to execute on its marketing/sales strategy, it would appear that the company could achieve revenues of about $18 million of 2005 and about $70 million for 2006, with a net income for those years of about $ million and $35 million, respectively.

Now, in one were to estimate the market value of NanoSignal via the classical multiple of earnings approach, one could apply P/E ratios of 17 to 24 (“conservative” to “more likely”) the company’s estimated earnings of $0.12 per share for 2006E, and come to a value of about $2.04 per share on a conservative basis, or $2.88 per share on a more likely basis.”

Source:
Michael A. Mulshine
Sept. 15, 2004
The Research Work, Inc.
www.stocksontheweb.com