OTCQX:MRVFF - Post by User
Comment by
buylow4on Nov 17, 2009 9:06pm
680 Views
Post# 16497641
RE: re - projected US sales next year?
RE: re - projected US sales next year?Gadshill, this is part of a previous post of mine dating back to July:
Now, projected sales in the US are expected to be about $300MM. This won't happen overnight, it will take some time. Also, any shareholder would also expect this company to continue to invest in R&D so that it can eventually bring more to the table.....this will also take time and eat up resources.
So....let's look down the road a couple of years and go with the assumption that the company is generating $500MM in sales and $30MM in earnings (6% of sales). By the time all warrants are exercised, the company will have close to 400MM shares. So.....basically we're looking at earnings per share of about
.075/share.
I've been using a multiple of 15 because it appears to be the norm for many of the established and well run companies in this industry.
Therefore, the SP of this company, in the future can very well get to $1.13. Assuming all factors are in play as stated above.
Now......as you know, we are nowhere near that stage right now. If FDA approval is granted, are you willing to pay over $1.00 per share......I would hope not. You would wait and see whether the distribution is effective, whether the revenues can be sustained, and whether management can grow this company further.