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jmurfk

03/18/11 9:44 AM

#27534 RE: oilin07 #27524

You can't just make up numbers for valuation;

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



3,000,000 div by 4,400,000,000 = .0006

The sad part is, your right, stocks never trade at 1 times earnings. In penny land, the mostly trade 1-3 on OTC. This one is pink, so big difference.

Also, EPS is determined by net earnings. Revenues don't mean much in valuation.