I don't think the short is 10 billion, that was just a random number thrown out there. I have calculated, just an educated guess, that the MM's are left short 3-4 billion shares right now.
Well, HESG only has a tiny bit of revenue and a tiny bit of profit from igohealthy.org, but in a PR last month they said from a CA collective you could expect 400k rev/mo with what they would be able to set up.
So, if they can profit 150k/m for 2010, or 1.8 million for the year, then what you need to do as an investor is figure out what the O/S is and take 1.8/O/S (in millions)
1.8/200= EPS of .009, use PE 20, get PPS of .18 = best case scenario
if you use
1.8/3000=EPS of .0006, use PE 20, you get PPS of .012= worst case scenario
The actual PPS should settle around .10 during 2010, as far as what the MM's could squeeze this too? Well anywhere from .01 to .20, who knows.
Either way, HESG wants to be on par with MJNA who has a 50 million market cap, and PPS of .16 right now before a merger could take place.
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