Hi Guys,
Firstly let me state that I am a holder of stock in NEWC
OK, now for the valuation game. Lets say we have approx. 700,000,000 million share outstanding. (since NEWC needs some $$ for continuing operations.
At the current share price $.008 NEWC has a total market cap of
$5,600,000.
And since we are starting to ship coal this month, and other revenue stated to start by June. We should start to see some shipments. So for example, lets say we start to bill at approx. $100,000 per month.
That takes our future price to sales currently at about 6 times.
Under valued in my opinion.
Yes, I know there is a lot of noise with the old Q and K not being filed.
But with the next 2 quarters all of this will be behind us.
This stock should be trading over $.25 with 6-9 months.
IMHO...........GLTA
