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Microcap & Penny Stocks : AUXER GROUP INC (AXGI): New start for AUXI

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To: FloridaGatorMike who wrote (1162)2/15/1998 1:34:00 PM
From: FloridaGatorMike  Read Replies (3) of 1492
 
How much do we know about the financials of this company??
Have they reported yet?.. or when do they plan to??
I was just reviewing the Investment packet from Auxer and here are a few numbers:
* In 1998 Auxer anticipates posting its first earnings and is projecting $24.5 million in revenues with $2.56 million in profits (20.8 cents per share)
* The company has 12.3 million shares outstanding with 4.5 million shares in the public float.

They say their goals for 1998 are:
* Achieve a valuation fo $50 million plus.
* Achieve 22 cents in earnings per share and total revenues of $25 million.

Now, *IF* these numbers turn out to be true, what price should this stock be trading at?? Does anyone have any thoughts??? The small float certainly looks good and it seems like Auxer's holdings will start paying off...
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