Nice point out.
You want something else: earnings based on non dilution (As of June 30, 2010, there were 1,029,378,400 shares of the issuer’s common stock, $0.000003 par value, outstanding; this is the de facto amount) were:
$.00001 per share/quarter.
Multiply by 4 Q's :
$.00004 per share/year.
Valuation 10 to 15 times (say 15):
$.00004 • 15 = $.0006
This is the valuation I get (what the stock is worth). On a diluted basis it's worse.
There are numerous ways to come up with valuation.
1. Four times net earnings/qtr times 10 to 15,
2. Find an equal like, kind and quality business and project from there.
Dilution is this stocks biggest enemy (but very necessary).
Thanks for the point out.
