If CPOW were already established as a profitable company the current share price would suggest earnings of $1.4 million not $17 million.
(.07 * 240,000,000)/12 = $1,400,000
However, any investment in a penny stock should be considered an at risk investment. Penny stocks that haven't achieved a profitable status are valued by investors based on real risk versus perceived reward. It is up to each investor that plays in this market to weigh those considerations. Once a penny stock starts to turn a profit a P/E ratio in the range of 15 to 18 would be a better barometer of stock value based on a standard business life cycle.
I always assume that all posters on IHUB have an agenda. I know that I have an agenda when I post. I post to further my own self interest. Since I have no interest in shorting CPOW, assisting those that do short CPOW or beating down the price CPOW I try not to be negative. I am invested in CPOW and have an interest in the stock doing well.
GLTA
Bob
Two wrongs don't make a right. But, three lefts do!
