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Re: DudeBug post# 8958

Monday, 02/08/2010 8:13:54 PM

Monday, February 08, 2010 8:13:54 PM

Post# of 112647
Simple calculations...but please correct me if I mistated anything. I am going by the numbers from the fall. A pps of .01, with an O/S of 3.4B, would yield a market cap of 34M. Given stated assets of 10M and profit of say, 500K, that market cap is exceedingly high, IMO. If we assume a net profit of 500K, then the PE at 0.01 is 68. IMO, that is also a very high number for this industry, where the PEs maybe in the teens. Again, please edit any numbers that I put down - it was a crude calculation.