Freddie (and ALL): On April 28th, in my 12-Month Projection I suggested using 75 million shares to figure the EPS projection. In case anyone missed it, here is the link followed by a portion of that projection.
Message 4243326
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SUMMARY of PRE-TAX PROFITS:
$ 595,000..................FIRAMADA'S ORIGINAL 5 OFFICES
$2,511,000................MYRIAD
$ 448,000..................NEW OFFICES & 3 SMALL ACQUISITIONS
$3,325,000................IT DIVISION PHOENIX
$1,750,000................WORKMAN'S COMP INS PROCESSING
$12,500,000..............MORTON DOWNEY JR TALK SHOW
TOTAL $ 21,129,000 in Pre-Tax Profits
Less Estimated Tax (apx 40%) $ 8,451,600
TOTAL NET PROFIT for this BUSINESS GROUP
(Projected)............. $12,677,400
SUMMARY of NET PROFITS:
$12,677,400................TOTAL of BUSINESS GROUP ABOVE
$ 1,496,000................PAYROLL FINANCING DIVISION
($1,000,000)..............One-Time Payment to IRS
12-MONTH NET PROFIT (Projected)................... $ 13,173,400
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EPS CALCULATION:
(NOTE: Now, again, for the sake of "argument," let's even assume that warrants for the $12 million line of credit could cause additional shares. Let's figure as many as 24 million additional shares (accounted for by figuring 24 million shares at .50 per share = $12 million). That means I am allowing for a generous 75 million shares outstanding...
$13,173,400 divided by 75MM = $0.1756 EPS
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This is my perception of FAMH.
Best wishes,
Brad |
