Replies to post #4686 on Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[RandyKCMO]

Hey Long....

Just doing a little bit of math....not figuring in the convertable debt (just cause I'm lazy and don't want to look it up):

390 Million shares / 40 Will give GTEC 9,750,000 shares.

If GTEC does finish Fiscal 2008 with $20 Million in net income (and it will probably be more)...

Would give GTEC Earnings Per Share of $2.05.

Converting from $.25 per share x 40 ='s $8.00 makes a P/E Ratio of 4. Even if there were twice as many shares outstanding, we'd only be looking at a P/E Ratio of 8.

I think any shareholders would have to be happy with the potential upside of these numbers.

Randy






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[investor_007]

Another up-listing move could also have been the creation of an Audit and Compensation Committee and the committment to the highest possible standards of corporate governance (press release of July 23).

[peewee]

I think we can say congrats soon...