Replies to post #28 on Manaris (AVNY)

[walterc]

In this report they establish a price target of 0,25 usd per share for Manaris based on target sales of 2007/2008.They use a multiple of sales of 1, whereas in the industry the multiple is 10 and for Manaris it was historically 4. So if you know that Frazer considers a growth of 85 % per year and given the fact that a multiple of 4 is more realistic i do not want to dream about what the shareprice could be if Frazer keeps his promises.