Good question. Let's do some numbers.
I really haven't done detailed math.......but here's a general path
to predict possible stock prices based on Net income and P/Es.
If ICOR gets just a third of the sponsoring insurance company's 80,000 trucks
that would be 30,000 trucks......rounded off......initially.
Let's assume the lease rate gets written at $33/per month per truck intitially
instead of the PR hyped $100/truck/month. A hundred per truck may easily be
a doable rate.......but let's play conservative. A hunert does make the math easier. Ha.
So far, we're looking at $990,000/month.....gross.
Let's round to 1MM/month.....$12MM/yr.
Let's be aggressive with margins and use a 50% profit margin on the overall software implementation revenue.
$6MM/yr Net Profit divided by the present 750,000,000 shares equals approximately .008/share profit.
However, every stock reflects an actual or anticipated P/E ratio. Growth stocks easily command 20-200 P/E ratios.
Using a very conservative P/E of 10 we come out at $.08 ... A 20 P/E gives us 16 cents.
I just made this scenario up on the fly........and came up with 8 to 16 cents.
So.........05 to .10 cents Pre Split seems pretty reasonable to me.
I have no idea what an actual contract and truck numbers might be........but the P/E is the secret.
If the "market" likes the story; the stock can go.......anywhere.
