working backwards

looking at whether it is currently expensive at $6

market cap would be $240 million, this mean that on a conservative PE of 15 which would assume limited growth for a tech stock the profit would have to be $16m. irrespective of margins, if this company has great global products then it should be able to deliver that figure quite easily.

then you lift PE, look at margins and market penetration, you can see how it could go significantly higher, only time will tell.

Credit Suisse would not be wasting their energies unless there was some upside. will be interesting to see if they speed the process along, i wonder what the share price has to get to before it takes away some of the allure of the nasdaq listing - i.e the margin between price now and nasdaq listing. saying that people will come back and start quoting the $25, which may well be appropriate.