RE: RE: RE: Wow, amazing profit growth This was my own personal modeling of the company going forward. My aggressive estimates for the FY ending 8/31/12 brought me to revenues of $16.64 million. In those estimates, I was only expecting revenues in Q2 of $3.75 million. They beat that number by over 10% at $4.2 million. Leaving my Q3 and Q4 estimates the same at $4.5 million in revenues for Q3 and $5 million for Q4. If they hit those numbers for Q3 and Q4, they will do over $17 million in revenues for this fiscal year. Looking out to next FY (8/31/13) I really don't think it is a stretch at this point to think they can do $21-$22 million in revenues. That would only be 29% top line growth y/y if they do $17 this year and $22 next year. Since they just increased the top line 70% y/y in the last quarter this seems quite doable. Using $22 million and 50% gross margins would yield gross profit of $11 million. Then subtract $5.5-$6.0 million on operating expenses and I am getting $.19-$.21 on a fully diluted basis. So the big question is what multiple does this company deserve? I'd say that 3 is way low. 10 should be a no brainer, 15 is fair, and 20 seems doable. So that would value the stock at $2.00-$4.00. Or we could value the company at 10x TTM EPS and I come up with a layup valuation of $1.10. How the stock is still below $1.00 after that earnings release the other day is beyond me. I put in a buy order at a limit of $.60 on Thursday morning thinking it would be a stink bid. To my surprise my order was filled within 8 minutes. Was happy to get the shares but really surprised. I had really thought the stock was going over $1.00 on Thursday. Also trying to figure out why there were some insiders sales the week before last at $.55 and below. What was the guy thinking? Only thing I can think of is that the guy needed money really bad and couldn't wait a few more weeks. Makes no sense at all to me.