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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)

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To: Greg from Edmonton who wrote (651)6/26/1998 7:23:00 PM
From: xray  Read Replies (2) of 2444
 
Look at fundamentals, starting by working backwards (please correct any errors):
Close today $2.75 CDN.
Now, 18 million shares issued. 5 million shares to go to acquire the paint stripper. About 3 million shares to go out on the $0.30 CDN private placement announced on May 20. Share option plan has 4.4 million in it, effective May 4. Let's assume that the financing for 4.5 million announced April 28 isn't going anywhere. Outstanding shares must be more than 30 million shares, not including any other warrants outstanding from previous financings.
Fully diluted market cap is about $80 million CDN.
For P/E 20, their earnings per quarter right now has to be $1 million CDN. Is it?
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