Replies to post #321 on Rocky Mountain Investment Club

[bliz82]

More CMCA DD:

As I posted on the CMCA board back in January, CMCA had limited to no upside potential based on the company's own projections of 7M in revenue in 2010 and that was with an expected 89M in O/S. Now that the merger has really happened, we find out that the new company has 744M+ O/S!!!

I recalculated my numbers based on the new O/S:

7M in revs by 7% net profit still equals 490K

490K/744M = .000659 x 10PE = .0066 or 20PE = .013.

That's assuming they hit 7M in revenue and net a 7% profit. The joke of a stock was down 33% today when the new O/S came to light.

The odds are that this will go sub-penny.