Target $0.275 - $0.55Assuming I am following along correctly there appears to be a potential for 11 million or so in revenue for 2017 from the numbers as we currently have them. The industry average multiple is 40 , however as we are a penny stock on the venture exchange a 5 or 10 times multiple is more appropriate.
So potential 11 million in revenue over 200 million shares, multiplied by the average earnings multiple of 5 or 10, we should be trading at $0.275 - $0.55.
The CEO of the company suggest between $0.35 - $0.40 which is the median price range of the spread. So the numbers jive with the CEO's forecast.
Low Target: $0.275 Median Target: $0.41 High Target: $0.55
Let's see how the market responds.
GLTA & DYODD
JamJam123 wrote: made a mistake
Total Revenue 1,546,812
Total Expense 3,692,497
Among expense biggest part is
Professional and advisory fees 2,415,922
General & administrative expenses for the three months ended November 30, 2016 increased compared to prior three month period. The increase is mainly attributable to the legal, consulting and acquisition costs relating to the LBI acquisition. Also the depreciation and amortization increased due to the property and equipment acquired through the Acquisition. General & administrative expense for the nine
So let’s be conservative and take last q
Professional and advisory fees for going forward which was 1,50000
For one month LBI added 1.1 million on net income so for 3 month it will be 3.3 mil
SO expected income for next q 2.2 additional income -1.7 loss+(2.4 mil-1.5 mil)=1.5 mil
Add 2 new acquisition that has combine revenue 4.4 mil + 10% growth
And wait for a year to get refinancing done they will be rocking…..