Replies to post #5707 on Grapefruit USA Inc (GPFT)

[dan1drew2]

Thanks Gold - It's good to have You back. Your math is conservative but I accept. As I have spoken to the company in the past and if memory serves me I believe the Units sold in the US are something like 6500 annually. This does not include the 6000 plus that are sold abroad. I know that the demand would be even greater here in the US because the use is of even wider capability. ( cost, portability , Etc.) See in the circle.

[SonomaWest]

Thanks Gold for the workup. Dean has said that there would also be service contracts that you could add to the number. Although, estimates are always hard to do since we have no way of knowing what the company will spend money on that is not included in the 40% - 50% gross profit. There can be a lot of administrative expenses before we get to the final Earnings per Share.

But, in the case of Vermillion investors have thrown these numbers out the window. The $20 stock price reminds me of some those internet stocks in 2001.