China Medicine Corporation (CHME)

[bradford86]

CHME - Global Speculation 10-Q

ok, so whatever, assume $10M of gross profit added

lets see the dilution

$7.5M @ 3.50 = 2.14M shares
$24.2M @ 2.6 = 9.3M shares
$27.8M @ 2.6 = 10.69M shares
= 22.13M shares
+
15.3M shares outstanding
===============================
37.43M shares outstanding total with this deal
@ 2.53 = $94.7M market cap

145% dilution

current market cap is $38M
+ $59.5M in financing
=========================
$97.5M cash adjusted market cap.

my old eps estimate was $1.35
steal sam's calculations
rADTZ selling price = $9500 per tonne.
1200 tons x $9500 = $11.4M.
$11.4 x 90% = $10.26M gross profit.
(This is at full capacity. I'm not expecting this much next year due to ramp up. But even if they get half of that it could contribute nicely to earnings along w/ the recently announced acquisition).
(Side Note: Expecting to raise capacity to 4,200 tons in 2011 which could equal up to $36M in gross profit?).

37.43M shares
$36M gross profit off RADTZ + $11M from 10-K on 2008 = $47M

EPS Estimate is $1.25 for 2011, 10 cents short of my old $1.35

Comments welcome