Rocky Mountain Investment Club

[bliz82]

FRHV just sent out a PR to use BGEM to distribute their products in Florida. That led me to look at BGEM as an investment. First I wanted to see what kind of revs they had been doing. Nothing! They haven't made a dime. They just converted from a mining company to a beverage distribution company. Looks like they'll have revs coming in in the next Q though. Is there any investment potential in BGEM attm? Not that I see. They are currently trading at .23/.24 with no revs and 107M outstanding shares. The industry average PE is 28.6 per a report that was done on BGEM so they need to make nearly a penny in eps to justify their current price. They are forecast to lose 560K this year, make 760K in 2011 and finally 2.7M in 2012 when there will actually be some return on investment potential. I have no idea why BGEM is trading above a penny right now. Totally ridiculous! FRHV may be a little overvalued right now but at least it's selling product and has a lot going on right now (and it's only .02). BGEM is .23! Crazy!