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Re: hometownJOE post# 28534

Thursday, 02/21/2013 1:31:47 PM

Thursday, February 21, 2013 1:31:47 PM

Post# of 29028
fwiw, i feel your extreme cynicism is ungrounded and illogical.

i am expressing similar concerns, but mainly as food for thought, that we know too little to have confidence in either direction.

a 160,000 sq ft facility costs serious money to buy/build.
meaning either they started small and grew, or had significant seed capital.

per website, Kenactiv was founded in 2008 as BioTech Mills, Inc.
they changed name to Kenactiv in 2012.

this site lists BioTech Mills having 52 employees:
http://www.rigzone.com/search/sites/BioTech_Mills_Inc10625.asp

if accurate, seems likely they must have revenues to meet that payroll.
so claiming they have no revenue seems foolish, in general.

my question is: how much revenue?

per math posted in recent weeks, at current 56m OS, to yield reliable buying support at $4/share, i expect we'd need either >$250m/year in gross sales or $10m-20m in annual profits.

those are large numbers for a small company.
but possible if they have decent demand for their products.

viz, $250m/160k = $1560/sqft in sales/manufacturing floorplan.
that's only $6.25/sqft per day in product value, which seems very doable if the products are moving.

and if they PR exciting growth potential and/or innovative products, the stock price can easily bump 2x-3x above support levels.

99.99% of all pinks are scams. Best to assume the other 0.01% are as well.

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