Realistically this company can easily generate between 10 and 20 million over the next year or two. With 4 billion shares outstanding it is equivalent to a share price of .005! Stocks never trade at one times earnings. Tech stocks trade at an average of 15-25 times earnings. If we take the lower end of this (15) we come up with a share price of .075! That is 7 1/2 cents! Just look at the percentage gains that would be from where this stock is now! Remember according to their latest pr the company they acquired has "expected" revenues of 3 million already!On top of this are the revenues that will be generated from their applications. So REALISTICALLY we should be trading in pennies not subpennies
***Now if we only go by their "expected" revenue of 3 million that would still equate to a share price of .011 Yes thats a penny already!! We should be trading near a penny right now!!
We have a company that is in a rather new market that is growing like crazy. The possibilities here are really unlimited. The company has extremely low overhead, they already have a credit line, and they are already producing applications.
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