Replies to post #2896 on Market 99 Ltd (fka MNTY)

[rheddle]

Morning Steel, I made the figure up last week just for something to talk about - I said I was making it up as well.

I got an e-mail from DB who posts on the board and he said he spoke to the TA who told him that the OS is 1.2 billion.

If the revenues are on track for $3.2 million, that puts the share valuation as follows:

First we must remember that we were told in a PR
earlier this year that the net profit is 50%, which is
huge.

I would then take $1.6 million (50% of the $3.2
million revenues) and divide it into the OS:

$1.6 million
____________

1.2 billion OS

I get earnings of $0.0013333333 per share outstanding
actual earnings (big deal for a currently non
reporting pinksheet stock).

A fast growing company could conservatively be given a
price to earnings ratio of 40 (companies like
Wallgreens have about 12 - 14 and we know from
previous PR's that we are growing far faster than that
(35% more listings in one week than the previous weeks
total number of listings was PR'd recently).

40 x $0.0013333333 = $0.0533 per share (more than
double where we are now).

Typically, companies like to be a little short with their projections so that everybody gets a pleasant surprise when the revenues are put out. If they are over $3.2 million, then the share price would be higher of course.

R