don't know about your predictions, simply stating that it may go to 30c is not good enough.
try this,
i think there is some 1.5billion stocks ...( I may be off a little).
if they earn $2.9 million, that equates to earnings per share of 0.00193, which when you divide current share price of 0.11/0.00193, you get 58 times as a PE !!!
I like this stock very much, but its a case of not falling for it.. i was in this stock but now am out, i love the contract of 7000 radio shack store..
but if if they sell enough to generate $2.9m its not enough... remember that $2.9m (7000 stores by $8 wholesale which i got from this board), this is still a gross figure.. so actually it won't even be 58 times for PE, but in fact much worse !!!!
Let's say its half of $2.9 m that they declare as net profit, than PE is worked out on net profit, this could mean literally a PE of 100 !!!
damn, its a crying shame as this stock could really rock, great product as many of said, potential for huge revenue, but copycats on the way....
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