Replies to post #4746 on Petrogress Inc. (PGAS)

[Kgs68]

I disagree, closer to $.25-50 based on conservative metrics...

assuming 200m shares fully diluted...

For 1st 6 mths net income so far this fiscal yr was $1.4m, x 2 for a full 12 mth fiscal, gets you to approx $2.8m in pro forma annual net income...

To be conservative, let's round down to $2.5m in pro forma annual net income

T/f...

$2.5m / 200m shares = $.0125 per share

AVG oil & gas industry P/E ratio is 20-25x (this is a standard and published ratio)

$.0125 x 20 = $.25

Conservatively PGAS should trade at $.25, but in reality maybe closer to $.50