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Re: tmj post# 15732

Saturday, 02/27/2010 12:01:22 AM

Saturday, February 27, 2010 12:01:22 AM

Post# of 377840
That's because you don't understand the difference between revenue/sales and earnings/profits. PE stands for price to earnings ratio not price to revenue. $31 million is estimated revenue/sales, earnings/profit estimate is $8.55 million. 8.55 million(earnings) divided by 460 million(shares O/S with Hannover shares to be issued) is a PE just under .02. 25 times .02 equals .50, PE of 25X equals just under .50 for TDGI if Eric hits those earnings numbers he gave us.

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