I think you are basing you P/E ratio on the share price Eik was saying. He wasn't saying they can earn 15-20 cents, he was saying share price could be that. So your pps of $1.50 and 8x earnings ratio is based on data that you are misunderstanding. They may be able to make a penny or two and attribute that to the public side, but they probably will just keep it for themselves to by flower shops or something, so with no realistic way to tell what earnings are charitably given to the public side you really can't figure out share price that way anyway. There is no reasonable way to figure out what the share price should be, because there are no real governance in place here so the share price is what the market says it trades at and currently that is 3.5 cents.