Here’s how I get my numbers even without the Merger. PTSH already have a contract worth $5.2mil. Plus there is another contract that was added a few days ago even though we don’t know the dollar value to it. Now, we got rid of Global Links Card Services, Inc., for $349,000. Global was not generating any revenues but incurring operating expense. So, we have income from discontinued operations of $349,000 and reduced expense.
Disability Access Corporation (DAC) is the one that landed the $5.2mil contract plus the other contract. With just the $5.2mil revenues, we have only realized about $200k, leaving us with another $5mil to be realized hopefully by next Q. Assume a profit margin of 30% (because we got rid of Global, thus lower operating expenses and a lower share structure).
30% x $5,000,000 = $1,500,000 + 349,000 = $1,849,000 Net Income
PWVG had 181mil O/S. and assuming that DAC(still waiting for a ticker symbol) does not retire any of these shares and trades all of them, then: EPS = Net Income divided by O/S
$1,849,000/181,000,000 = $0.0102 per share
Industry PE of 50 = PPS/ 0.0102
PPS = 50 x 0.0102 = $0.51 (This is my calculated PPS (0.51) even without adding the income that could be generated from the new contract). Hey Don, I’m glad you are still holding on this one and doubled up. I remember you got in at 0.004. Happy investing buddy.
P.S. My plan for now is to try and get the new shares after the R/M as soon as we get a new ticker symbol for DAC, and before they appreciate due to the expected revenues. One idea I have is to try and get some PWVG before it changes symbols and then wait for the conversion. I'm not sure whether it is going to work, but hey, I can afford to take some risk.
AL Gore called him fuzzy mathematician, but who became president?
