Thanks for the clarification Mikepike. The more that I research...

Thanks for the clarification Mikepike. The more that I research into this company the more that I like it.

The company does say a large proportion of the 750,000 so you would have to value the company on at least a 30% success rate including a discount for risk?

225,000 x $70 = $15,750,000

$15,750,000 x P/E of 10 = $157,500,000 (Market cap)

= $1.25 (Share price)

I also like the fact that it won Asia product of the year for 2010.