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EB119

01/02/10 5:05 PM

#49877 RE: -Eric- #49876

From this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45049837 assuming 1 collective and the monthly revenue $400K.

I think the figure may be in high end. Let's take a look in reality. A medical marijuana collective is for sale at http://www.bizquest.com/buy-a-business-for-sale/Medical-Marijuana-Collective/981462.html.

Excerpted from the description:
"Sales have been averaging $1,000 - $1,500 daily. The dispensary has 733 registered patients, and they see an average of 20-30 patients per day during the week, and 30-35 per day on the weekend."

1 month income
= ($1000 x 5 + 1500 x 2) x 4
= $32,000

1 Year income
= $32,000 x 12
= $384,000

Let's take O/S 3B, 1 collective and $384K revenue:
pps = 384,000 / 3,000,000,000 = 0.000128

Take P.E. ratio 12 (applicable to pinky stock?)
pps = 0.000128 x 12 = 0.001536

Oh man, I still see at least 3 times from current pps at 0.0005

Tom should buy that L.A Medical Marijuana Collective to start with!