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Re: shrotker post# 5277

Wednesday, 10/27/2004 2:48:54 PM

Wednesday, October 27, 2004 2:48:54 PM

Post# of 19547
Hypothetically, assuming 40,000,000 outstandig, assuming numbers in the release are right, our run rate says a profit of (%5,070,550/3 X4)$6,760,000 is what could be expected.

On the basis of 40,000,000 shares, this is $0.17/share and applying a multiplier of 10, it means a PPS of $ 1.70.

Lots of IF's and assuming's in there but this is the maths answering your question.

Pure fiction in my mind, considering we play with many unknown:
- What is the company all about in reality
- How many shares are out there
- What is the profit applicable to these shares (ownership of Veltex Mills)

and on, and on, and on ...

A real speculation if I ever saw one.



Patiently,

Roger