(edited) even better, 450 mil at end of 08! that is from the board up top.
SpoozToolz is projected to provide revenues of over $3 million by year-end and over $450 million yearly by end of 2008. Paul Strickland, CEO said the projections were intentionally conservative. Darryl Dennis the Chief Marketing Officer said he needs to capture only 1% of the target market to achieve projections.
-----
450 million x 0.5 (earnings/rev) / 1.5 billion (O/S) x 20 (P/E) = $3 per share
and that's BASED ON their conservative estimate! of course, the earnings/rev ratio was an estimate on my part, as was the p/e, but I think they are reasonable. Software companies often have an earnings/revenue around .27 if I recall, but most of that is due to advertising costs, which I think is not representative of spooz.
The P/E could be lower, but probably higher since it is a "new" company.
all my opinion, do your own calcs.
so why would someone sell this stock anytime soon?