Even though the the revenue, number of outstanding
Post# of 15187
If we look at RMHB's PSR its right around 18x.
How we get to 18x - Per report they did ~$600k the six months ending 12/31/2015. Let's say the full year rev is $1.2M. They have 434M shares outstanding and the current share price is $0.05 which puts their market cap at $21,700,000. Divide that by $1.2M and we get = 18x PSR.
Now we have to make an assumption on what HJOE's yearly rev might be. Let's say, when they report, rev comes in at $2M for the last 12 months. Multiply $2M by 18x PSR = $36,000,000 valuation. It's been said that HJOE's shares outstanding is about 1.8B. Multiple 1.8B by a share price of $0.02 and that would put HJOE's market value at $36M. So if you apply RMHB's PSR to HJOE, assuming the numbers above, then we should be at $0.02 per share.
There are a lot of assumptions here - 1.8B outstanding shares and $2M in rev etc... when they report. Also, we have to look at how fast they are growing rev.
I don't usually invest in pinks so I'm not sure what the average pink's PSR is or if there's a better ratio to use. I just wanted to run some numbers to compare RMHB and think about a possible share price for HJOE when they report. After looking at the comparison, HJOE looks like a great investment if their numbers come in somewhere close to $2M.
all IMHO.