Replies to post #665 on THE SITUATION ROOM

[jerseyboy]

I am still holding my 22.2 million shares, and I think it's great! I can't do any real valuation on it because I don't yet know the terms of the deal, but let's say they issue 100 billion shares total, 89 billion for them and the current 11 billion (I think that's about right) for us. Assuming that the $2,292,751 is a conservative figure for 2007 net income, as they have said they plan to exceed that by a significant margin, that would be $.000023 EPS. At a 20 P/E (probably conservative for a company whose earnings are growing at roughly 100% year over year), that would yield a share price of $.00045, or 50% better than where we are now. I like the market they're in and the apparent competence of the management team. Unless the price quickly goes above my cost (somewhere around $.0008) and outstrips my evaluation of their potential, I'll be holding for awhile.