Hi Red E Honestly I would be guessing ------------- if we just...

Hi Red E

Honestly I would be guessing ------------- if we just work out the numbers on revenue and guess at the earnings then X by 20 to 30 assuming US listed - we will have a ballpark.

Just look at what we 'should' have.
For me - on the assumption that DOD goes through and there aren't any competitors - which is highly unlikely for a while at least.

We would have to have the wheels completely fall off for there not to be probably a lot more than that -------------- honestly I would be surprised if at bare minimum a bedding deal wouldn't go through - and I would be stunned if some auto sales hadn't gone through.

So - my guess is we are probably looking fairly safely at earnings of about $50 million - could be a lot more --------------------- I don't really think it should be much less.

Are there any arguments out there on that?

Now, Baker Young revenue and earnings for our f/y 16 are less than that ------------ BUT, they didn't factor in DOD - that was treated as cream - but, the cream looks like it is in one of the first deliveries - so, I will count it.

Now that was our f/y ----------- not the US - which goes on our Cal. year.

Anyway - IF we got earnings of $50 mil ----------

just X 20 to 30 and we come up with MC (say 240,000,000 shares)

so --

50 mil X 20 gives us a billion

X 30 gives us 1.5 billion

div. by 240 mil. shares gives us

between

$4.16 and $6.25 PLUS currency difference.

Now - those are just figures --------------- the only thing up for grabs is really - can we get $50 mil earnings?

Well - lets say for every $10 million earnings the sp will be worth

.83c and $1.25 plus currency diff.

So, I will let others argue about what revenue and earnings they think we will get in one year


have a great day

Pinto