tnzalu the PE without expansion gives us $4.80 PPS. I'm currently assuming earnings of .42(non-gaap) for 09 which gives you my PE-6 Now take .42 with 50% net income growth gives .63 FOR 10 WITHOUT CIGS. Now assume $10 Mil cig sales at 38% margins. This gives us approximately .80 for 10 .80 x 6= $4.80 PPS. This is without NO uplist. Also very conservative with cigs IMO. Assuming ALL dilution. Now assume managment announces intent to uplist. I expect AMEX comes to mind but certainly wished it were the NASDAQ.
Now immdediately up 150% from the $4.80 and you come to $4.80 x1.5=$7.20+4.80=$12 Per Share. This is my prediction on Q1 2011 earnings Release based on a PE-12 with an uplist. This is the real McCoy. I believe this is based on ultra-conservative numbers. Pappy actually talked me into this when it was in the 40 cent range over CNOA.OB I made a fortune with UTVG.OB from pappy a few years ago.