I think the no RS is key. From his comments today, he clearly follows the message board to gauge the tone and he also cares about shareholder value.
He knows then that any sniff of RS would kill his plans and make his purchase of PDVP a waste of money. He sounds like a builder that wants the foundation in first and then put the walls and roof on ! All good so far IMO.
Dustin1101, to piggyback on your valuation thoughts…
I see something very similar as you do as far as the fundamental valuation in PDVP. I will explain this a little bit more detailed as I was asked to do so for a clearer understanding as for the existing potential.
Revenues – Expenses = Earnings/Income Earnings ÷ OS = EPS
Considering a 25% profit margin as you suggested from the $1 million in Revenues, we can derive:
I do agree with why you considered using a conservative P/E ratio of 10 to 12, but PDVP would trade within the Wireless Communication Industry which has a P/E Ratio of 77.90 which is within the Technology Sector which has a P/E Ratio of 43.22 for their respective growth rates. These are the actual confirmed growth rates from the supply versus demand from the confirmed market as indicated in the Yahoo link below: http://biz.yahoo.com/p/840conameu.html
So, in my opinion, I think using a P/E Ratio of 10 is just a little bit conservative. Even if you use a P/E Ratio of 35, you would see that such would still be considered very conservative for confirmed growth to use as a P/E Ratio given the Sector and Industry that PDVP would reside.
This would reflect a price closer to the area of below:
.0005 x 35 = .0175 Per Share
I have my moments when I use a conservative P/E Ratio of 10 to 12, but because of how low its share structure, the market should realize this value sooner rather than later. Even if you completely disagree with the 35 P/E Ratio, I think from researching some stocks within its Sector and Industry in comparison to their share structures that 20 would be a very fair and conservative P/E Ratio to use too. That would fundamentally warrant a valuation at .01 per share.
Now with the momo factor you mentioned on top of the Failure To Deliver (FTD’s) factor on top of him adding more to the growth of PDVP as he mentioned, this should blast and stabilize into penny land IMHO.
Even if the inventory of shares have not reached zero, I anticipate that the inventory should from the interest I think will be coming into PDVP to take an investment position. The way I see it too, any penny stock that is trading at the triple sub-penny levels with a business plan that is already generating Revenues and researching reverse merger possibilities with an OS of 488 million shares is significantly undervalued.
To add, having the Authorized Shares (AS) at 500 million shares does not leave room for any dumping of shares which definitely favors that the company is not planning on raising any capital through dumping shares for a while, if ever.
The above are only my thoughts as to how I see things. I have had my moments to where I have been considered to have been a bit much above having conservative thoughts. Hopefully these thoughts help and do not come across too aggressive.
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