Some DD for the new investors ...here's what we are screaming about :)
I think this one has a SERIOUS chance to move higher the next couple weeks/months. And here's Why; -The company has a float of 2.5 million and is OTCBB -Insiders hold 60% of O/S !!! -They are already profitable and doesn't need to raise ANY money right now. -They deal with big Chinese players; China Mobile, Air China, China Telecom. -They intend to uplist to the NASDAQ. -They will have 13 cents in EPS once the merger is completed with Beijing Network Education Union Co. Ltd. Put a P/E of 10 and you get a PPS valuation over $1 pretty easily.
BNEU reported it has an unaudited net asset of $9 million. For the year ended 2006, it recorded an unaudited revenue of $4.6 million with net income of $1.18 million under the Chinese accounting principle. For the year ended 2007, it recorded unaudited revenue of $ 11.8 million with $5 million net income under Chinese accounting principle. After the completion of this merger SMGH will be generating earnings per share of 13 cents.
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