Replies to post #35879 on Grapefruit USA Inc (GPFT)

[imggman]

That's correct. Manufacturing of component parts in Korea, and final assembly in Burbank.

[lobcrab]

Excellent. In that case we should be seeing a share price of $5 in the second year unless, of course, someone buys us out before then. Brief summary of my calcs.... 100 units per year equals $50 mil in sales, $25 mil in gross profit, $12.5 mil in net profit (probably too conservative). This translates to $0.03125 eps assuming 400 mil shares outstanding. At 40 p/e (again conservative considering demand), this results in a share price of $1.25. This is based on domestic production only. Add in overseas production of 3x that and it reslutls in a $5 price.

Buyout would be substantially more than this due to production and sales capability of the big boys.

Sano, gds, and others..... Nothing you say will stop these facts. I am glad I still retain my million shares and look forward to a wonderful summer when we get approval in June.

Thanks for the feedback on the meeting. Sorry I couldn't join you but I was traveling in Florida today.

[DonKeyhoti]

I interpreted his remark to be that a start up figure would be 30 to 100 units in the first year. I think he was trying to be more conservative as I would expect that he really doesn't know.

When and if approval comes, he would have to look at the immediate demand (orders at the time) and then lay out a reasonable production plan based upon that data together with the cost of ramping up production (if he decides to go into production).

As a general once said when asked how he would fight the battle, he replied, "it depends upon the enemy and the terrain."