Replies to post #2364 on Identa Corp (IDTA)

[garagist]

Mike, I took the liberty of making some calculations.
If we take 2M units for 2007 for granted and not include any other possible sales, and we take a conservative profit of 2$ per unit, we end up with 4M$ If we devide that amount with the authorised of 2.5B, we end up with a profit of 0.0016$/share. If we take a price/profit ratio of 50, which is not unusual for start-up companies, we should be quoted at 0.08$.
My conclusion: we are VERY undervalued

[bobky]

I agree--eom