I think you would be better off making an instanteous P/E. Say the earnings will be 0.20 soon, thus the instanteous p/e would be 12/.80. Or 14. But there is some problem with this company they have the late 90s mentality. That is dividends, shares outstanding, mean nothing. The only important is revenues and stock options to employees. If they even mention a 2ndary again, I am out. Dilution. Dilution is not the solution to pollution.