Outstanding work sediento, I marked you for this... So, if the market valued the company at 57.8 million dollars in 2005 - (15.7 million shares outstanding x $3.67 per share) - then I believe that if you divide today's market cap 7.4 million dollars into the 2005 market cap, you will end up with a price factor of 7.5 needed to give the company the same market cap it had back in 2005.
$0.07 x 7.5 would value the company at $0.525 per share.
Now, if you assume the company is valued at 57.8 million dollars and there would be full conversion into common shares of all outstanding convertible preferred stocks and warrants and the outstanding increased to 309 million shares. ( I don't believe this will happen, but this is a WHAT IF)
So to keep the same market cap of 57.8 million dollars, you would divide the 309 million shares into 57.8 million dollars.
That would still be a share price of 0.187 per share, fully diluted.
So, under any scenario, the company stock right now would be valued from .19 to .53 per share, based on historical valuations.
But wait, the company is now NET PROFITABLE! Self Sustaining, and about to become much more so. Usually at this point, net profitable, a company becomes worth a lot more, simply because doubt about it's ability to survive is taken away and future growth could make it more profitable, and the possiblity that earnings could be used to make a share buyback, which would reduce the outstanding shares and therefore the price per share would rise to continue the market cap.
So, using about any measure we can, it's easy to demonstrate how the share price here is at least worth 200% more than today's price and, could be worth up to 750% more, just on market cap studies.
Thanks again sediento!
