Laser Energetics, Inc. (LNGT): Doing a little math. $12 million dollar...

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Re: Dragonfly79 post# 4564

Wednesday, 03/19/2008 2:28:27 PM

Wednesday, March 19, 2008 2:28:27 PM

Doing a little math. $12 million dollars at .139 per share would be about 86.4 million shares. Outstanding last I checked this am with the Transfer Agent was about 237 million which should bring the total outstanding shares up to about 323 million shares. Doesn't look like they have registered the new restricted shares yet. The new restricted shares issued 86.4 divided by the new total outstanding of 323 million would be about 27 percent of the outstanding shares as stated in the release.

Also new outstanding shares of 323 million times .139 would put the value of the company at about 44 million as stated in the release. Present stock price is .047 times the new outstanding of 323 million puts the value at around 15.2 million. In my opinion way undervalued and apparently the financer thinks so big time. Time will tell.

Does that math check with everyone?