First Choice Products Inc. C.FCI

This Company Is So Close

[dart321]

to sales, so I guess it's time to look and see what we could expect.

 First there are on average 521,000 work overs on wells in canada every year. Of this total 68.2% of the total work overs are caused by the loose of well pressure. That's 355,000 wells that could use this companies technology. let's say only 2% of these well use this companies technology in the coming year that's 7100 units that this company will sell. Let us put a price of $5000 per unit. That is 35.5 million dollars or $1.26 a share. Now let's add say $500 for usage royalty payment for each time used and let's stay with the 2%. That is another 3.55 million dollars for a total of 38,500.000.00 dollars or$1.37 a share in gross cash flow. Now I ask you what is the share price value with these limited sales numbers?

[dart321]

This is for those that don't understand the math and how it works. There are many ways a compamy is valued, the two that I personally use are earning per share and gross cash flow per share. If you use gross cash flow you divide the number of share outstanding into the projected cash flow and multiply by 2. The other way I like is earnings per share time 12.