InvestorsHub Logo

dano4135

08/29/19 11:18 PM

#1149 RE: Pink 2 long #1143

I think there was some very significant good news and we all appear to have missed it. Normally I watch for the financial statements to come out for each quarter and I routinely ticked about how long it takes. Anyway, I got sidetracked and forgot all about the statements for quarter ended 6/3019.

Those apparently came out on 8/14 and no one has posted anything about them. In the previous two quarters they had mad a whopping .006 cents per share. As of 6/30 they had made 1.9 cents. So in this last quarter they made 1.3 cents per share. That is about 4.5 times what they made the previous quarter.

If they made 1.3 every quarter that would be 5.2 and would support a stock price of .75 per share. If instead growing 450% next quarter, they doubled that would support a stock price of 1.50 (close to what their study said the price should be). If they were able to double in the first quarter of the new fical year you would have 5.2 cents per share for the quarter and 20.8 projected for the year and you would be around 3.00 a share by New year's. Maybe pie in the sky but there is no doubt about the fact they had a very nice quarter.

I am usually very quick to criticize them, but I think congrats are in order here.