Massive red flag - revenue, page-33

Hi All
still a long way to go to reach the $80m in sales next year but starting to look promising. in newing report people should also start to take notice on what his projections and therefore pe might be. as he has said if the sales comes in more that $80m ( which to me seem quite possible) then the profit starts changing and by quiet a few percent, also noted was the margin rate, for the last 6 months it was 64% newing figures are at 55%, i believe with starting on big lakes and economies in the factory from increasing production there is no reason to feel this margin will not be maintained. start running the numbers on the $80m at the 64% margin you will see the pe down around 28

thanks
mickem