Staggering math
Take $1 million cash registered to ITEX revenue stream for first 19 days of August and project that through 365-day fiscal year:
365 divided by 19 = 19.4, mulitplied by $1M = $19.4 million.
"To our knowledge, no company in the business to business cashless marketplace has ever deposited $1,000,000, generated from transaction and association fees in any month, and we have achieved this in the first 19 days!" -- Steven White). According to the past fiscal year SEC filing, we can expct roughly one third of that to be net income. So $19.4 DIVIDED BY 3 = $6.4 million.
$6.4 million divided by 18.6 million shares = .34 EPS.
At .34 EPS, if ITEX stock was to trade at a PE of five, that equals $1.70 per share. PE of 10? $3.40, and so on.
The best part? My formula above stipulates $1 million taken in per 19 days. According to what Steven White stated on Aug. 19 ("My ultimate goal is to continue to shorten the time period of generating $1,000,000 to a weekly and then a per day event!" said Steven White, chairman and CEO of ITEX.) Those figure are very CONSERVATIVE and we ain't seen nothin' yet!
Way way way undervalued!!!
As per: jonnyc2006 - RB ITEX board