RE:RE:Compelling article on ScreenproThanks @arbourmark. So, in a nutshell, if looking at a conservative 5x P/E the sp should be around $1.50, once a Q or two earnings reports will have been published. Any news between now and then will only help increase general awareness and start building a better informed sp. Today's sp action certainly was somewhat of a rollercoaster...For my part, I decided to take a modest initial position of 50,000 shares, in the closing minutes of the day @0.15. It's closed down a few pennies from there but, at this point the risk/reward is certainly pretty good. Looking forward to see how management performs as well as preliminary numbers. Cheers!
Arbourmark wrote: Hi Resilience,
I believe they are currently at 10-15k per week currently. Average testing income is $100-$200 per test so let's say $150 which reflects about $2.2M per week or $100M. There is much more upside in my opinion. Testing will be here for years.
The float is high due to the existing shell but I suspect reverse split is being considered to get float to a more realistic float of 60-90M shares. The stock opened at .25 cents much higher then initial raise and hit $1 and pulled back to close at .12 cents with a vwap of about .20 cents.
The company has not even released any news releases yet but I suspect to hear a number of news releases over the coming months. I was very pleased to see 2m shares traded today and I would not be surprised that there is institutional interest already.
It's nice to see some quality posters already acknowledge if the company.