e.Digital

Pick Your Assumptions:

Annual Revenue Based On Pre-Tax Earnings Ratio

5% $ 300M $ 400M $ 500M $ 600M

10% 150M 200M 250M 300M

15% 100M 153M 167M 200M

20% 75M 100M 125M 150M

Pre-Tax Earnings

$15M $20M $25M $30M

Earnings/ 294M

Share $.051 $.068 $.085 $.102

Earnings/Share Multiple: Trading Price

10X $.510 $.680 $.850 $1.020

15X .765 1.020 1.275 1.530

20X 1.020 1.360 1.700 2.040

25X 1.275 1.700 2.125 2.550

30X 1.530 2.040 2.550 3.060

If you owe 100M shares with Pre-Tax Earnings of $30M (20%) and Annual Rev, 0f $150M

with Earnings per share (294M) of $.102 trading at 30 Multiple the Trading Price under above assumptions would be $3.060, or your shares would be worth $306,000.

Something too digest. Let's hope for best over 2016.