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Thursday, June 16, 2011 3:44:03 PM
There might be a period of softness immediately following the reverse, but if Meller converts as I think he will, and then they announce a profitable Q2, we could be looking at a possible FY2011 EPS of $0.04 to $0.05, with an float of 20M shares.
At a P/E of 10, that gives a price range of $0.40 - $0.50 on FY2011 earnings.
Even if they're at breakeven the next few quarters, that's still an EPS of $0.02, and $0.20 at a 10 P/E.
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