At $1.50/share you are saying that this company would be worth about 400 million dollars! It is not worth the 10 million dollars it is selling for currently. I have estimated that the worth is probably about 1 million dollars (1/5 of a penny/share) for the corporate shell. I've got some beach front property in west Texas for you to buy if you think that this company is worth $400 million! LOL!!
My mistake....with the additional 40 million shares that they approved to "print" a few days ago the shares outstanding will be about 310 million shares. That woud make the market cap at your $1.50 per share be 465 million dollars....Can't you do basic arithmetic when you make your statement?....no wonder you own shares of this company. LOL x 2.
IF, a big IF - the new CEO maximizes the capacity of the current facility(80 mil per his quote),
the earnings are over 10 mil and you use a high quality biomed multiplier 'Bloomberg'.
It could hit $1.50+ based on current available stock. Based on the history of the company probably not. Stating it may not be the time to give up more than anything else.
I got some West Texas Land for sale too. In Midland both on Indiana and Garfield. I bought as investments in 1999, only gone up a grand each, but some sandy front lots on Washita for sale...lol...Happy New Years ya all.