Current stock Price $0.41, total share out 30.2Million
2002 rev.12.64M net Profit 6.81M
2003 Revenue 15.495M Net Profit 6.41M
2004 Revenue16.835M Net Profit 4.232M=0.14/share
first half 2005 Revenue 12.232M net Inc.194M vs 1st half 2004 Rev.6.14M net Inc.1.02M
ETLT prices plummeted dure to thei profit shrinked while their sheep embryo business disappeared. However, with the Company Annuncing on June 7,2005
" that the company has signed contracts that represent $15, 974,688 in revenue year to date. The income generated from these contracts is expected to significantly exceed all of the income generated in 2004. Management expects to sign additional contracts throughout the third and fourth quarters."
I think the company has succeesfully gained new business and profit will starting to grow again. With a trailing PE of 3, and much more cash/share than its stock price,this stock will have to rocket to the skies.
2002 rev.12.64M net Profit 6.81M
2003 Revenue 15.495M Net Profit 6.41M
2004 Revenue16.835M Net Profit 4.232M=0.14/share
first half 2005 Revenue 12.232M net Inc.194M vs 1st half 2004 Rev.6.14M net Inc.1.02M
ETLT prices plummeted dure to thei profit shrinked while their sheep embryo business disappeared. However, with the Company Annuncing on June 7,2005
" that the company has signed contracts that represent $15, 974,688 in revenue year to date. The income generated from these contracts is expected to significantly exceed all of the income generated in 2004. Management expects to sign additional contracts throughout the third and fourth quarters."
I think the company has succeesfully gained new business and profit will starting to grow again. With a trailing PE of 3, and much more cash/share than its stock price,this stock will have to rocket to the skies.
