Thursday, May 27, 2010 4:32:43 PM
If anyone believes that they will make profit in 2010 of $30 million, then the value of this company is pretty easily $300 million (10 x earnings).
Now, assume that he keeps O/S at no more than 1.5 billion shares.
Divide that out gives a value per share of $0.20 - at $30 million profit. If that profit is tripled in 2011, then the share price triples also - to a value of $0.60 in 2011, but prices are typically based on forward projections.
This means it could conceivably get to $0.50 or so... depending on acquisitions and how much investors believe his profit projections - unfortunately, EQUR and QASP does not have a history of hitting on their promises.
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