RE:????? Nearly 200 million shares ???? Maybe merger deal is hoping feds will eventually reduce the damn excise tax. If excise tax is reduced to 10% of revenue which is similar to original rate of $1.00 tax on $10/gm, then stock will soar.
| | Mar 24 qtr | 10% excise tax |
| Revenue | 11,655,360 | 11,655,360 |
| Excise taxes | 5,083,282 | 1,165,536 |
| Gross profit | 2,419,242 | 6,336,988 |
| Operating income | (305,158) | 3,612,588 |
| Net income | (349,581) | 3,568,165 |
| Weighted avg Shs | 192,786,006 | 192,786,006 |
| eps | ($0.0018) | $0.0185 |
| X 4 qtrs = | ($0.0073) | $0.0740 |
| Multiple | 15 | 15 |
| Sh value | ($0.11) | $1.11 |