UPDATED . . . based on $77,710,288 USD per year revinue and 3,billion shares Authorized = .025 per share
give a P/E of 100 = $2.5(PPS)
But these numners are all based on LOOSE facts and should not be taken as fact
Let me correct this:
the market only looks at the first 2 digits in reported numbers so they would see .02 earnings on 3 billion authorized.
Give a P/E of 100 = $2.00 (PPS)
NOW do a reverse split of 1 for 10 and that .005 becomes a factor and boosts the earnings from .02 to .25 a 20% increase in revinue without doing anything..... Things that make you say Hmmmmm. it is all perception.
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