Monday, May 06, 2013 1:30:00 PM
The market cap here is so insanely under-valued, its not even funny!
$40M in potential sales with 63M shares O/S, spells double digits in penny land, not single digits. Even if they increase the O/S to 100M shares, we are still banking double digits. Share price at 2X sales($40M),divide by a full blown 100M O/S = 80 cents per share. Go extremely conservative, and say $20M in sales, with a multiple of 1X, divide by a full blown 100M O/S = 20 cents per share.
I smell money!
Just saying...CARN....locked and loaded!
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