Saturday, May 28, 2011 1:40:46 PM
1. prove that the company has a real $300 mill agreement
2. show that they have a profit margin of say 30% (or whatever it is)
3. show that the items are available in the outlets that they claim they will be available at
4. determine the correct PE
The stock will then trade at that level which I calculate at between .0075 and .009 (again assuming that this is real). That is when you do the reverse split say 1:500 and you have a manageable 68 million shares at $4.00
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