Grapefruit USA Inc (GPFT)

[goldcoastoh]

Hm -- and all... first, my thanks to those who have traveled to RSNA... again, wish i could've been there...

now, a little help here...

the world of high finance is not my specialty...

but, please any comments, etc., sought and appreciated...

my idea here is to do the back of the napkin math on some numbers, nothing more nothing less...

if up 1000 by 3rd or 4th year...

$550,000.00 x 1000 = $550,000,000.00

now take 45% on profit margin and you get...

$550,000,000.00 x .45 = $247,500,000.00

now divide by 400,000,000 shares (rounded up)...

and you obtain...

0.61875 cents

multipy by a 20 p/e... and you obtain...

$12.375 per share.

is this an exceptable way to approach this...?

particularly, if there is financing via some m&a...