Replies to post #14639 on Green Parts International Inc (fka GNPT)

[Shepo69]

Realistic based on current share structure and facts that are currently available .03 would be a realistic price for now.
If the company continues to turn around, then yes, that woudl be higher. But as of NOW.. that is realistic.

Look back at my previous posts for the calculations if your interested.
This is based on using EPS from last Q and also looking at Revenue.

NOTE: EPS valuation only really means something if the company is making a profit, which they did last Q. so they need to keep making a profit.

Revenue Valuation method is more suitable to a company that has not shown a profit, but has revenue so I used both methods, and both show about .03

Good luck to ya.

( PS, that was based on a share structure of 250 mil outstanding..which we are not at yet)

[Spuds McKenz66]

.016

[ANIA77]

They have over $8mln in assets so that's like $0.04 per share with current OS... but yes they have about $5mln in credit as well.. Luckily Q3 shows only $130k + in convertible notes.. so we are dealing with this now.. good portion of this should be converted by now..
Also CEO paid off $2.3mln to Piedmont Bank with his money last year so there is related party liability recorded.. yes, CEO threw tons of money in this company. .

Company traded $0.2-$0.3 during 2013-2014 when they reported $15mln-$13mln in revenue. . OS was about 70M so company had market cap around $17.5mln which is reasonable with those revenue and similar assets/liabilities. ..
I think we get about $10mln in annual sales this year so market cap should be relatively smaller than previously. . Let's use $10mln to the rough estimate and OS 207M.. that would give pps $0.05.. and $0.04 if OS reaches 250M..
Their last Q3 show them being profitable again with positive net income so this is a very good start for the future and reasonable promise that he won't need any more new notes in the future. .
CEO needs to restructure high interest debt to have more cash on hand to slowly pay off credit .. also hopefully steel prices will start rising in 2016 so we could go back to $15mln in annual sales
Also He needs to go back to releasing one PR a month how he used to do it during spring/summer. . Since at the end of the day news and not filings are moving pps in otc..
GNPT

[ANIA77]

Yes, check Shepo69 previous posts about his estimates..