United American Corp. (UAMA)

[fromtheuk]

It would appear, at least initially that the trading volume is keeping above 500k. In earnings terms this equates to just over 1 million a year or 0.01 per share (20 million in trading dollars of which nytex gets 5%)

So based on this we have a future pe of 2 with no book value or other revenue streams accounted for.

I would have thought 1 million would more than cover the salaries of the few employees they have plus standard running costs.

I think on current volumes we sould trade at around 0.15 once the filings are sorted