Ann: Business Update, page-12

My post didn't attempt to value the business using a PE. I just showed how much growth is required to earn a risk free return. I then highlighted the amount of risk involved between now and that point.

$50 per customer REVENUE equates to $1,250 of sales. Profit isn't even calculable based on what we know so I don't know about that assumption.

All I'm saying is the business certainly isn't "cheap" based on what we know. That's not to say it won't be a good investment, but the risk associated with getting there are huge.