Many Bright Ideas Technologies Inc V.MBI.H

Great evaluation

[mbanx]

From KingRandy3

Well, if my $15M number were accurate, that would be a little over $13M left for us shareholders after debt settlement. With 73.3M shares out we're looking at 17 cents. However, I believe this to be a rip off price.

Before SH rudely deleted my prior profile and post Key points to the CC (you can see a lot of responses to it below just not my original) I calculated that the company is worth somewhere between 60 cents and $1.20 per share based on $5.5M of revenue and $4.5M of net income a year starting in 2012 based off of what I got from the analyst comments in the CC.

The extra half point on this deal is the key - an extra half point means somewhere along the lines of, say, 7% to 7.5%. If this example were to be right, that's an extra 7% of revenue on top of $5.5M for $5.9M in revenue and $4.9M in net income since flow through would be 100%. Using a 20 P/E that's $98M in market cap, divide be 73.3M shares and that's $1.34 a share. Add a couple pennies to that for the $1.3M in increased upfront payments too.


What a nice comment KingRandy3 - A+++

I own few hundred thusands shares and none are for sale...

Thanks to this wonderful CEO.