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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (4117)	7/19/1998 11:35:00 PM
From: M. M. Jones	Read Replies (1) \| Respond to of 4736

The company's net income (profits earned on their revenues) should be much more than 5% of revenues. Could be 20% or even 50%. If 20% we are talking about a stock price of $.37. If 50% we are talking about a stock price of $.92. Again, assuming that all of that $700 per well goes to NAMX and will be their revenues. (Interest expenses on debt would be added to the company's operating expenses and the total substracted from their annual revenues.) The $.92 per share makes sense only if NAMX gets all of the $700 per well, they earn 50% on that, and 60 MILLION shares have been canceled. M.M.