This from the other another board: Rehash-this-

This from the other another board:

Rehash-this-BS-Again Lets get REALLY Stupid with the Numbers

Going to the absurd to point out how HUGE Biel is!!

Currently 22 billion shares are outstanding and 25 billion shares are authorized.

Let’s INCREASE the number outstanding to 100 Billion for sake of argument.

We can agree THAT is a really stupid number.

$5 Million Profit per quarter = $20 Million a year in profit.

$20 Million profit divided by 100 billion shares

(hypothetical) outstanding = $.0002 earnings per share

$.0002 X PE 30 = $.006
$.0002 X PE 60 = $.012
$.0002 X PE 90 = $.018
$.0002 X PE 120 = $.024

Currently there are only 25 billion authorized, but let's account for all those share as outstanding

since they will be over the next year or two.

So multiple each of those PE prices above by 4 to get the actual corresponding

price since those are calculated for a hypothetical 100 billion shares.

This Will have a PE of somewhere between 60 and 120 before it is doing $20 million in profits per year.

In Fact the PE may go substantially higher.

With 25 billion share currently Authorized and $5 million in profit per quarter

And a PE of 60 the price will be $.048 and a PE of 120 will be $.096