Soomuchfun. First of all, one could easily create a trial account, with different name, same address, email addresss, etc., but a different log in , shut down their browser, than open up SI with a different log in. After registration, this takes about 2 seconds.
Not making accusations, but its possible.
Second, if I loan you $1000, and it costs me $10 to do the paperwork, etc, and I charge you 10% interest, then you pay me back $1100, what's my profit? It's $90. What's the cost of my sale? $10. What's my profit margin? 90%. Maybe this is how Ira is using the 90 percent margin figure, and if so, it makes sense to me.
Third, look at HDWY. Look at how much the made in NET- 1.8MM, look at what they are trading at, and how they grew from 16MM in total sales 3 years ago, to over 100MM now, but still only 1.8MM in net. Then look at what they are trading at again. The market seems fit that this 1.8MM annual net company, who successfully reverse merged onto the national exchange, by the way, is worth quite a bit. Apply the same multiples to the lowest of the low figures on this thread, except for you LE, and the stock is worth twice what it is now.
I made a gentleman's bet with someone on another thread concerning FAMH. I will offer the same to you. If FAMH doesn't ever reach $1 pre merger, or $4 post merger, than I will send you a leather varsity jacket from my alma mater. Willing to take me on?
Jin. |
