some figures - only rehashes

in Feb05 the brokers were recommending about 42c
the number of shares has risen from 645m to 1011m
the dilution would be 645/ 1011= 0.64
that brings the price prediction to 0.64 x 42c = 27c
then the predicted earnings were $14.4m to $15.7m

the earnings were actually $20m for 2005

the company says the 2006 profit may be 30-40% less

that would be at least $20m x 60%= $12m

now using the 27c based on at the most $15.7m(already diluted for number of shares increased)
the predicted price would be(all things being equal)
27c x $12m/ $15.7m= 21c lower limit(rounded up)

now if profit is unaltered at 20m
27c x $20m/ $15.7m = 34c(rounded down)