>>So, according to the company (per their homepage) they estimate a projected revenue of 6,117,000 from three tournaments. After the projected expenses of 4,057,000 leaves them with a net before taxes of 2,060,000. The common shares is 2,000,000. So, not knowing how much they will be paying in taxes let's take those numbers.
2,060,000 before tax revenue
Divided by
2,000,000 common shares
equals
$1.03 cents per share before taxes.<<
Now that we know there are 16.7MM shares out, we can better calculate potential earnings.
2,060,000
divided by
16,700,000 common, assuming no further dilution
equals
.123 per share before taxes
If we figure a tax rate of 35%, then we have a figure of roughly
.08/share after taxes. |
