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Wednesday, July 13, 2011 6:37:46 PM
Bottom line: California Grapes International's sales were basically limited to Hong Kong and they are now going to expand to mainland China where Frank has laid the groundwork.
The population in China is about 189 times greater than the population of Hong Kong (1.32 billion vs. 7 million). Ergo, if the company were to just stay in line with current sales, then based on the larger population, revenue could increase from an average of $1.75 million to $330.75 million annually.
What would the share price be then?
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