4) With a lag of about 2 months, you would expect the new $8M/month in processing to begin in the Nov/Dec timeframe
5) CEO says they are raising processing volume quickly, with about $10M/month inked now, in which MWIP, going forward, will have 1% to 3% in net profit on the gross monthly volume. At the present rate of about $10M/month in processing, thats up to $300K/month in profit, or a $3.6M yearly rate. CEO says they will grow the $10M/month book, to $100M/month
6) All in all MWIP is entering into a phase now where they should be doing at minimum of 1% of $10M/month or $100K/month in profit, which is a $1.2M/year rate. This would support equity here of 15 PE and net worth of about $18M, using the A/S of about 500M, get PPS of .036
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