A $10 PT for this stock would mean phenomenal sales figures with the number of shares we have out there. Personally, I think that is a bit far fetched. I don't know what might be fair, but if Nigeria brings in 150,000 sales per day, it translates into 1.08 million profit per month for the company or 13 million per year.
Then you have all your other expenses to take out. What does that leave for net profit? Not that much.
Sure, add on other countries. Will they sell as much as Nigeria? Not sure, but there are expenses involved with selling as well as administrative expenses as well to think about.
Still, we will be multiples of where we are now, but $10? I'd like to hear your reasoning on that - or are you just throwing around figures?
I'm very bullish, but not that bullish.
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