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.