a 300% increase in our sales just in not close to enough to warrant this sort of valuation.
last quarter was $17 million, call it 20 to be conservative, $80 a year. 300% makes that $320 a year....sounds great
but 32.35 * 225 million shares fully diluted is about 22 times $320 milly....
so with a great outlook like 300% increase in sales, you got a price/sales ratio of 22 - which is absurd.
So if this happens to happen, and if somehow they figure out how to grow $320 million dollars worth of product a year with zero expenses, they somehow don't have to pay any taxes - Bruce Linton decides no more options, no more pay for anyone - they give us all back every penny of the sales as a dividend - it would take 22 years to recoup your initial investment at this price.
and interest prices just started moving up, yeah, I am happy with my cash, thank you very much.
glta
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