valuation of cardia

According to Pat, he expects 2012 revenues to be triple those of 2011. So what does that mean?

2011 March Quarter = $435,000
2011 June Quarter = $531,000
2011 Sept Quarter = > $1,000,000
2011 Dec Quarter = est $500,000 (let's be conservative)

Total = ~$2,500,000

So 2012 should be close to $7.5M revenues or thereabouts.

This is a significant business that is valued at multiples less than its competitors. I can see a $50M market cap on these numbers quite easily, which probably puts us around 3.5cents.

I am a long term holder of this company back from when they spun off A-Cap, Dia B Tech, Aquenox blah blah blah. Some you win and some you lose but I feel that this technology ie coming at the right time and there is massive demand coming from consumers for sustainable packaging solutions and all the pieces seem to be falling into place. Let's look forward to some really positive announcements as the orders come in.

By the way I still need to buy more so please don't tell anyone else.