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Friday, April 09, 2010 1:47:24 PM
I would have liked yesterday's PR to have done a better job of making it clear to investors that this company is now generating net profits of over $100,000 every month.
Revenues of $722,254 for two months plus one more month's rev's = $1,083,381 worth of rev's for the quarter. Subtract $750,153 worth of expenses for the quarter and you get a net profit of $333,228.
Multiply by 4 quarters and you get $1,332912 net profit for the year. Divide by approx. 3.8 bil. outstanding shares and you get .00035.
.00035 X P/E of 10 = share price of .0035
.00035 X P/E of 15 = share price of .0053
.00035 X P/E of 20 = share price of .0070
Throw in an acquisition and it seems like a penny is a real possibility.
Someone asked who could be holding shares from the tripps that didn't sell into the last run. The answer is ME. That was a mistake, no doubt about it. I guess it sucks to be a "big picture" guy.
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