Hannover House Inc (HHSE)

[Huggy Bear]

Scott - Yours is the voice of reason. The full dilution has to be taken into account when considering any fair price valuation.

In all fairness, TDGI may only realize an EPS of .01 for all of 2010. Of course they are cash flush at the moment, actively pursuing quality titles to release, and also pursuing further independent studio acquistions. All of this could lead to much higher earnings, but with the massive 450M fully diluted O/S it would be a real stretch to earn .02 in 2010.

With a successful uplisting and a fair 10x P/E ratio, earnings of .02 would fairly translate into a PPS of .20

That, IMO, is about the MAX price, period. a PPS of .10 is my target price, and after they hit that i will either cash some out or hold even longer - Much remains to be seen, and will be seen this year, regarding whether they deserve to be held past .10 or not.

malc