sounds like an r&d deal is close...., page-8

Hi Mjp2

Working off $10 million in revenue per year
$2.5 million in costs per year
Tax is a tricky one but id say ADO would have a load of tax deductions to write off and past losses to write off also so lets say total profit of $7 million.

$7 million and a conservative PE of 20 for this industry gives us a $140 million market cap or 20 cents per share based on income alone, then add on future potential which is huge and you can see where i am getting the 20 cents plus estimate from.

A PE ratio for companies in the same industry with less future revenue potential start from a PE of 20 and go as high as 50.....

Just back of envelope numbers so dont hold me to it but id say when we get the next deal signed off quite a few will follow in quick succession.