In light of this disclaimer, management can underscore that with a market capitalization of approximately $250,000, the Company's current valuation is an approximately 90% discount to its book value of $3,166,456.
Share Structure Market Value1 $329,070 a/o Mar 14, 2012 Shares Outstanding 365,633,608 a/o Nov 11, 2011 Float Not Available Authorized Shares 200,000,000 a/o May 18, 2010 Par Value 0.001
-Now on page F-8 of the 10Q it states how many shares can enter the market at certain prices...
-For example it states 210,687,322 were issued for debt reduction and can be sold between .001 and .01(the largest grouping)
-And 30,371,788 were issued for consulting services and other services between .002 and .012
-And 3,631,313 were issued for cash and can be sold between .008 and .015
-From the trading and the volume on the chart, most, if not all, of the largest group were already sold and I think some if not most of the 30 million + holding were sold by the trading and volume the recent month...This is my opinion of course!
-If this is true this could leave a clean shot to .01 without disturbance minus retail selling...
-Back to book value...Now if the company has $3,166,456 positive book value, we divide that by the 365,633,608 OS and PPS should be at .0086 given the book value from their 10Q!!!
-Now if the 2 largest groups of shares have already hit the OS then add 365,633,608 + 210,687,322 + 30,371,788 = 606,692,718 total OS!!
-And divide the book value of $3,166,456 by the possible OS of 606,692,718 and PPS should be at .0052!!!
-And let's not forget the company has the ability to buy back $400,000 worth of shares on the open market for the next 2 years as funds become available to allocate towards the repurchase!!
Under terms of the new plan, the Company is authorized to repurchase up to $400,000 of its common stock over the next 24 months.