Replies to post #9509 on Praxsyn Corp (PXYN)

[Rhenarium]

Thank you very much! I won't be able to read the exhibits until I get home (was in the office before, on the train now). So actual revenue is less than half of the gross billing amounts on oats monthly pr's.

As cdhames says, thus could end up being a great play, but people will indeed have to throttle back their expectations. The o/s will be massive, so it's going to take a lot of earnings to get this into the .10's, .20's, .30's and beyond. Hopefully those earnings do indeed come with expansion into other states.

[naturalborninvestor]

and what specifically are these "contractual and other adjustments" that reduce gross revenues by 55%

No wonder Danny the Weasel kept reporting gross figures. Kind of bullshitting investors.

So, realistically, when $100m GROSS revenues are expected for 2014, we should expect about 45 million in net revenues.

at 10% NPM: 4.5m * 25 multiple / 300m OS = $0.375 fair value