Biostar Pharmaceuticals, Inc. (BSPM)

[GorillaGorilla]

BSPM - EST Low ball $ per outlet per day (Repost from Emerging)

Outlets
End March 1320
End Oct 3512

Worse case days open for outlets - so taking the information I'm trying to get the lowest number of combined days the outlets were open. And that "magically" the remaing 2,192 outlets made sales from April the 1st onwards (once again unlikely). Note: The more outlet days I make the lower my final estimate becomes - so conservative.
3 * 30 * 1320 = 118,800 (March, 3 months)
7 * 30 * 3512 = 737,520 (April - End Oct)
-----------------------------
Outlet days 856,320
-----------------------------

Money made for those outletdays = $7.4 Million

So each outlet makes $8.6 a day.

So, with a full year in 2010 with 5,000 outlets running 365 days.

365 * 5000 * 8.64 = $15.7 Million revenue.

Obviously, that ignores their plans to increase outlets to 10,000.
New products should have positive affect.
The changes in rural health initiative may affected sales, one way or another, since end of Sept.

Did I get that all right??

rich


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