Let's be patient, page-66

Be patient
MTN Arena - based on EM1 earning 40% as agreed upon by MTN
Every 100,000 subscribers would deliver about 0.3 of a cent per share per annum
At a PE Ratio of 10 this equates to 3c share price

Miggster - based on EM1 earning 64.5% as agreed
Every 100,000 subscribers would deliver about 1.5 c per share per annum
at a PE Ratio of 10 this equates to 15c share price

There are still a lot of variables such as total subscribers able to be delivered, keeping subscribers, increasing costs, the marketing and all the other issues raised.
Remember these are speculative stocks with a higher risk than your blue chip stocks but the rewards could be high if it works out