Jac's - precisely right - forward looking PE's would peg this at right around 10 to 20 x's earnings - so your 13 multiplier is spot on Sir
I also believe Gerald calls it "financial engineering", with the understanding that the PPS will be quantified by certin milestones achievements - RiskReturn has a good feel for this - he would be a better resource for feedback
so it would appear they already have the uplisting 'financial model' tweeked and ready for data confirmation input to get the share price up there to reduce or avoid a RS entirely
a $2.00 pps requirement for a NASDAQ up-listing is definitely achievable