Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Story who wrote (1733)	6/20/1998 11:51:00 AM
From: ISOMAN	Read Replies (1) \| Respond to of 43774

I'm still trying to figure out why I would buy this stock at these prices. With 540,000,000 shares that makes the market cap on PRWT 37.8 million. When it hit 12.5 cents it was 67 million. Why is purewater worth 37.8 million?? I realize they have a contract with the government of belise, but they will get $700,000 for that contract this year. That makes gross sales earnings .0012 per share. with those sales the price to sales earning is 58. Even Microsoft only has a price to sales ratio of 18. Microsoft has an EPS of 56. So I am confused, why such a high price so far. How could a $1 price per share even be considered. That would make the market cap $540 million. What could PWRT possibly do in it's first 5 years to justify a market value of 540 million? Most small coffee shops have more sales than $700,000 a year. I wouldn't buy any coffee shop for 1 million, let alone 37 million. Please explain why the price is so high.