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by Dragonfly/P/E of 10 .....that would produce a PPS of about $1 EVEN with 1.2 B
Hello all!! Just joining for the first time. Have been a shareholder from $.08.
I've been concerned about the HUGE number of outstanding shares as well. I think that this is going to be a stock that you buy and stash away for 3-5 YEARS.
The pps should GRADUALLY rise as the company makes progress in developing their products and stem cell lines.
If they can find a market for their DEVICE <Bio-reactor> that accelerates stem cell line development, the company MAY actually start generating some REVENUES even while their R&D progresses.
Let's say that PLRS can earn $120 Million in Bioreactors sales by the end of 2008.
That would be about $.10 per share <$120 Million earned divided by 1.2 BILLION shares issued.
Allowing for a CONSERVATIVE P/E of 10 .....that would produce a PPS of about $1 EVEN with 1.2 BILLION shares issued.
Or about TEN TIMES the current pps of $.10.
If PLRS can find a way to capture a decent share of the $1 BILLION stem cell development market, the pps will soar, even with the huge number of isssued shares.