Penny, I believe you're right about earnings and I believe they're closer to $5 million, or to put it another way, 500 million pennies. I bring up pennies because if they've earned $5 million dollars, there price should be at least a penny with a P/E of just ten. For a company the size of CTKH in an industry that's expanding at the rate that CTKH's is, I believe a P/E of 30 to 50 could easily be justified. On $5 millions of earning this would be 3 to 5 cents. Even on a million dollars in earnings a penny could easily be justified.
Our problem, as I see it, is in getting Fayiz to give actual numbers instead of percentages. I believe if we get audited data this stock will move up tremendously. If emotion gets into the mix I really don't know how high it could go, but if they earned $5 million in the last year and they have double the capacity, or more, today, there's little doubt that they can earn ten or more in the next year. In my opinion, if that turns out to be true, a dime or more could certainly be justified.
Gary
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