EEDG when the contracts bring in money, this is an automatic 11 bagger based on valuations alone
It's sitting above the 50ma and held well today. Looking great here for a potential multi bagger. Possible good entry points are upper 6s and 7s in the coming days for those who aren't in already. As the revenue/income comes to fruition this is most likely going to reach its valuation.
If the revenue is roughly $700,000 (shares outstanding 84.26M, and if we assume expenses/cost of goods/etc remain more or less the same as 2011) the net income would be roughly $500k which would bring the earnings per share at roughly $0.006. Right now this is trading at $.008 which gives a P/E ratio of 1.24!!!
Typically, P/E ratios for big board stocks exceed 15! [b]This would put the fundamental value of EEDG at $0.09. For penny stocks, it can go far above that number just based on hype and no real earnings.
"Energy Edge Technologies Corporation (EEDG.PK) announced today that it is about to reap huge dividends from its engagement of Green Giant Venture Fund (GGVF), a leading broker in the global carbon credits market.
Based on GGVF's recently concluded audits on the energy efficiency work already completed by EEDG along with the work that it is now contracted to perform (utilizing UNFCCC/CDM methodology in conjunction with the Verified Carbon Standard), EEDG will be able to sell approximately 110,000 tons of reduced CO2 emissions on the carbon credits market.
"Engaging Green Giant has proven to be an excellent investment for Energy Edge and our shareholders," stated Robert Holdsworth, President of Energy Edge. "Green Giant not only has the necessary experience and registrations to develop the required design documents, they've also brought an extensive network of international carbon credit buyers to the table for us."
"The ongoing sale of these carbon credit projects represents tremendous potential revenue and cash flow for our Company and should also provide the funding needed to execute our aggressive near-term growth strategy," Holdsworth concluded.
Financial Highlights Fiscal Year Fiscal Year Ends: Dec 30 Most Recent Quarter (mrq): Dec 31, 2011 Profitability Profit Margin (ttm): -97.09% Operating Margin (ttm): -95.84% Management Effectiveness Return on Assets (ttm): -175.04% Return on Equity (ttm): N/A Income Statement Revenue (ttm): 461.71K Revenue Per Share (ttm): 0.01 Qtrly Revenue Growth (yoy): N/A Gross Profit (ttm): 155.51K EBITDA (ttm)6: -440.80K Net Income Avl to Common (ttm): -448.29K Diluted EPS (ttm): -0.01 Qtrly Earnings Growth (yoy): N/A Balance Sheet Total Cash (mrq): 3.24K Total Cash Per Share (mrq): 0.00 Total Debt (mrq): 3.14K Total Debt/Equity (mrq): N/A Current Ratio (mrq): 0.33 Book Value Per Share (mrq): -0.00 Cash Flow Statement Operating Cash Flow (ttm): -58.41K Levered Free Cash Flow (ttm): 109.70K
Results of Operations - Three Months Ended September 30, 2011 as Compared to Three Months Ended September 30, 2010.
The following table summarizes the results of our operations during the three-month period ended September 30, 2011 and 2010, and provides information regarding the dollar and percentage increase or (decrease) from the three-month period ended September 30, 2011 to the three-month period ended September 30, 2010.
Three Months ended September 30 2011 2010 Increase % Change (decrease) Revenue $ 63,762 $ 411,436 $ (347,674) (84.5) % Cost of sales 11,071 111,733 (100,662) (90.1) % Gross profit 52,691 299,703 (247,012) (82.4) % General & administrative 47,650 98,603 (50,953) (51.7) % Wages - officers, consulting fees, and professional fees 72,646 103,741 (31,095) (30.0) % (Loss) Income from operations (67,605) 97,359 164,964 169.4 % Other expense 25,969 1,310 24,659 1882.4 % Provision for taxation 0 40,000 (40,000) (100.0) %