Friday, July 22, 2011 4:27:44 PM
Remember that GERSIs paying down debt on balance sheet...if you read 1st quarter Q1 financial report it say the debtor or fianance group currently holds the patents and large percentage of Revenue or Net Income to pay down debt...
Gers debt paid in first quarter 2011 was discounted by debtor because of increase in license deals...we look for more discounts in second quarter, which will give GERS a bigger percent of second quarter net income...
At 14 mil o/s and 1 mil dollars earnings tranlate to .07 eps and 25x
industrial equals 1.78 dollar/share
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