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Microcap & Penny Stocks : WestAmerica Corp. (WACC)
WACC 0.00Nov 11 4:00 PM EST

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To: firstman who wrote (364)7/17/1998 12:33:00 PM
From: P.E. Allen   of 749
 
just requested an update from my broker to go to the floor and get another quote on the bid and ask. I suggest that anyone that can also do this please do and post. Hey they say they have 20% pretax earnings in this that is $8,000,000. Lets say there are 200,000,000 shares out on this stock, that equals .04 cents per share.

at 13 times earnings = $.52 cents should be trading at.

You can do the quick math on this scenario if shares are 400,000,000
it equals .02 per share or .26 , etc. etc.
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