Wednesday, October 07, 2009 3:44:41 PM
This board is tilted toward repetitive cheerful little nothings that sound nice but don't mean much. The obvious intention is to pump up the price.
Are you interested in estimating risk and intrinsic value of SNWT? Than you may like to read the postings below with substantial information referenced to SEC filings instead of PR material.
I am posting this here because SteveKing, the moderator prefers to keep the iBox free of inconvenient facts.
Reduction in sales & weak profit margins
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42064584
Revenue & profit per share (PE around 300!)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42042704
Company needs to sell stock to survive!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42064738
Comparison with competitors in the industry
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42181747
Link to the SEC filings of the unprofitable and badly company that SNWT was (Human Biosystems, HBSY) before it took over SNWT in a reverse merger.
http://www.sec.gov/cgi-bin/browse-edgar?company=human+biosystems&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Finally, note that due to the large number of outstanding shares (20 million), even $1 million revenue is just 5 cents per share. With a assumed optimistic above industry profit margin of 10%, this is just $0.005 profit per share. This is why the total PE ratio is around 300.
Disclosure: I am short 4,000 stocks because I believe that in the end, the price will fall back to intrinsic value (around $0.20 per share). This will happen latest when the next 10-Q is published (likely in November 2009).
Cheers,
Value
Good luck to all!
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