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manappraisal

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manappraisal

Re: None

Monday, 09/24/2012 11:05:51 PM

Monday, September 24, 2012 11:05:51 PM

Post# of 2766
What I do not understand is how this stock can be trading near 3 cents. This gives a market cap around $40M with no earnings.

What is the stick that is proping up the tent? Can this be entirely due to some kind of good will? Not sure what typical P/E ratios would be for this industry, but if it were on the order of 15, then this would require about $3M in earnings. In a lack of earnings, it might be pretty difficult to reconcile a meaningful value, but it seems to be that this should be less than 1 cent per share.

Someone proping this thing up?
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