>> 1) how likely is a buyout >>
An opinion? 70% chance.
>> 2) what buyout price is expected and why? >>
5 cents. In 2001 an independent committee of the board of directors evaluated the fair value of the stock at 3 cents for purposes of converting 2.1 million in company debt owed to the CEO into shares of stock rather than doing it at the then current share price. It was done at .03 when the share price was .004. This was all before the big Disney contract and sales were far smaller and no profits. So I say .05 absolutely minimum. The CEO takes $1 a year in salary and loaned the company $2.1 million at .03/share. He must be expecting to make a profit by working for the company.
>> 3) without buyout what is price expectation? >>
Annualized PE last quarter is 8 at .016/share. So far we only have one quarter of results to know how they are doing. Was a surprise quarter so hard to say. When we get the Xmas results it may be easier to figure a price target but they are suddenly out of almost nowhere growing very fast....the Disney deal has opened all kinds of channels of distribution apparently for ALL of their products, they've done a number of other things to reduce costs (such as findly cheap suppliers in China) that have made margins far higher, and they have a large number of new products that came out in the Fall of 2004.
Hard to mathematically say where everything will lead.
Optimistically? If they earned $221k last quarter, maybe they can earn $700k for the Xmas quarter then $300k the next 2 quarters for a total of around $1.5 million trailing 4 quarters which would be .0034/share net income, 20 PE ratio, would be 6.8 cents.
At that point a reverse split would be ideal to get listed on a national exchange and allow institutions to buy like my ABRX did once profitable and ran 500% post reverse split.
Raw
News 
Market Data 
Discover 
