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DN216

10/16/14 2:52 AM

#20761 RE: Grizzly22 #20760

Given our current rate of growth, and the surefire, definite things coming our way, I would say a conservative estimate puts us around $1.50 in one year's time.

Our growth has been very careful, slow, and maturely done. In one year's time, we've only had four growth events: 1) November of 2013, from .03 to .05. It eventually settled to around .03-.04. 2) January of 2014, from .03 to .12. It settled at around .06-.07. 3) July of 2014, from .06 to .19. It settled at .14-.15. 4) September of 2014, from .14 to .23. It settled at .18-.19.

At this rate, verifiably, we will be at a minimum, bare bones value of $1.08 in one year. We have slowly risen up 13 fold in the past year, from .0142 to .1875. If we continue upwards at even half of that rate, we should be over a dollar in a year--and that's just at our current rate. This doesn't factor in the cell or any further acquisitions. I imagine we could see some PLUG-like jumps to $4-5 before settling at $1.50 or something more conservative.