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Re: patchman post# 263010

Wednesday, 11/25/2009 7:51:41 AM

Wednesday, November 25, 2009 7:51:41 AM

Post# of 346917
How about this math:
(Presented for example purposes only and without comment as to the accuracy of the numbers, reliability of the sources for them or the likelihood that they or any other numbers will ever be reported.)

Company has filed an SEC document approximating 2009 fiscal year earnings of $11,000,000.
Board members have opined an o/s share number of 2,500,000,000+.
I'm contributing the opinion that, if the company earned $11,000,000 on sales of $50,000,000, the marketplace based on those numbers alone would not hesitate to price the shares at a P/E of 20.

The above generates a pps of $.088.......not quite a double from here.

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