CSE:BAA.PA - Post by User
Post by
Loadon Oct 22, 2008 7:35pm
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Post# 15541626
Market cap crazy
Market cap crazyI have SCV bookmarked so I get all the news. So tonight aftergetting two Nrs in two days I get interested in seeing what kind of numbers they have. 40 Million shares and 25 share price - company worth $10 Million? ONly in penny stock land.
The last financials showed 700,000 in sales for 4 months and a $100k loss. IN the real worlld companies are valuied at 2-5 times net earnings so unless you say there were startup costs
Technically on the books - the book value is $346,000 or about a penny a share.
I noted $170k in wages and salaries?? $40k a month for how many people? s
eems very high for sales.
$65k in travel and a high office and rent cost.
Now if we are a start up and these travel and wage costs are in anticpation of a lot of future sales - well then I suppose. In terms of investing in this -
maybe at a penny.
HLR.UN - now there is a steal right in Halifax at $1.50 paying $4.5c a month - Your stock is free in three years assuming they do not go belly up and continue to pay out