What exactly do you base that on? I mean what is your method and formula for valuation? I'm having trouble seeing your valuation using any traditional multiple of earnings. A very simple analysis of the company at .03 would put market cap at $16,500,000. I'm curious what you're using as a number for earnings and what value you are estimating as a multiple? Just curious to know what your breakout is to arrive at that valuation.
By industry fundamentals, the range of multilples to earnings in anywhere from 7%-15%. So to estimate a price of $.03 PPS you would need to see a minimum of over $1 million in net profit, at the highest end of the multiple scale. At the lower end, you'd have to see closer to $2.4 million in net sales to hit that PPS.
The reason I question your valuation method is short of you having certain financial information that nine of us have, I can't see any basis for this price estimate or even anything close to it. Given the amount of product they have available for sale their maximum would be the one container imported (using the values for such that CJ posted) which at industry standard 12-13% margin would produce only $18,000 in net profit. This would require application of a multiple of over 900X which is patently absurd to even entertain. Is that how you're estimating value or are you depending on some unknown magical never before seen I the industry sales increase?
Saying I want the stock to get to a certain price is one thing. Claiming it is undervalued and is worth a specific amount really requires some basis and calculations to back it up. So just wondering if you could post those calculation or confirm that it's just a wish.
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