so close analyser!, page-11

re: what is the current per? it is on track for a $4 million profit this year!
=PE ratio 0f 10 fully diluted.

BUT here is the upside..................

with upgrades next years profit could be anything from
$6-10 million.
this is a realistic figure!!!

in my opinion it should be trading at a pe reatio of 15 NOW considering it growth potential, and next year should be the same.

Therefore my valuation is between 12-15c.

good luck and fortune