As long as the share structure remains tight, penny stocks will trade at least 1 times revenue.
Right now,
Outstanding Shares
1,119,087,549 as of Sep 22, 2008
Past press releases indicate they will be reducing thier outstanding shares. This means no dilution.
1st PRODUCT: Piranha Spring Water >>> Revenues estimated: $14 million
2nd PRODUCT: Guppy Water >>> Revenues estimated: $14 million
3rd PRODUCT: Energy Drink >>> Revenues ?????????????????
So current projections are $28M plus!!!!!!
$28M / 1,119,087,549 = .025 per share
At least another $14 million will be added for the energy drink???
$42M / 1,119,087,549 = .038 per share
Revenue projections will be increasing.......
Outstanding shares will be decreasing............
LET THE PROJECTIONS BEGIN!!!!!!!!!!!!!!!!!!!!!!