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warlockbr349

05/31/14 10:15 AM

#1268 RE: nanook153 #1267

Last year they had their internal audit out by May23,2013,with the audit taking longer this year may be because they are paying for an external audit.

If that is true,1st Q results must be much better than I originally thought they were going to be! I was thinking just over 700K of profit to give them a .01c per share earnings. If it is twice that it could be .02c a share profit for the 1st Q with a multipal of 14(like what is typical for the S&P) that would put us at .28c per share. But with a rapid growth company that multipal should be much higher,more like 40 to 100x earnings.At 40x for the trailing year earnings that would be slightly higher than .80c per share if they can project that the earnings increase will be sustainable and keep rising in the coming quarters!GLTAL