Saturday, December 31, 2011 4:51:27 PM
now the title is gone and there goes the $400K liability. I guess next Q filing shows positive equity for sure.
ANDI generated 150K in revenues from the APPS business. Lets for the heck of it assume ANDI does no more than $200K per Q for the next 3 qtrs.
that is around $800K in revenues and with 35% net margins as in last qtr means around $250K to the bottom line.
with $250K profits and with 1 billion O/S (assuming no more dilution), considering 20 to 30 PE is around $5mil to $6mil market cap which puts the SP at .005 to .006.
sounds cheap at this price should I buy? should I wait? Should I buy? should I wait???? If I decide to get in, I only hope Dustin wont throw another dilution bomb at us. would not believe these crooks anymore.
jmho
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