The market obviously doesn't believe the earnings projections...

The market obviously doesn't believe the earnings projections (for whatever reason).

If I believe eps would be 26c in 2014, then I would already own shares.

In fact, do you remember how the share price went from 20c - 30c - 20c?

What is with that? It was a key opportunity for sophisticated investors and SPP participants to dump shares.

Furthermore, NPAT was 900,000ish and interest repayments were 216,000, on debt of about 4,000,000.

So, at current levels of profitability, it would take about 6-7 years to pay off the debt.

So basically, you want me to believe that eps will go from <4c to 26c in 2014 without taking on more debt or dilution??

It seems too good to be true, and if it is true, then why were holders jumping at the opportunity to dump shares at 28c?