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Re: GreenOwner post# 36196

Saturday, 08/30/2014 11:06:09 AM

Saturday, August 30, 2014 11:06:09 AM

Post# of 52074
G.O. I appreciate the idea of trying to estimate a valuation. Using your assumptions, you are 2-3x high as you use cumulative revenue for 2-3 years. Ignoring MZEI's tax loss carry forwards, your figures are likely another 4-5x too high as revenue doesn't equate to net earnings. Nonetheless, the markets for AS could be large and the value of MZEI shares are certainly more than $0.14 if the EPA comes through.

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