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TVOG $1.15 Fundamental Valuation Consideration…

Below are some thoughts that explained how TVOG will generate $39 Million in Revenues and $6 Million EBITDA from their initial 5 Bitumen tanker acquisitions:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136779545

Turner Announces Completion Of Bitumen Shipping Acquisition & Placement Agreement
https://ih.advfn.com/p.php?pid=nmona&article=76268932&symbol=TVOG

Within the thoughts following, I will derive the Fundamental Valuation based on all of what we now know from what I have indicated within the link above to reflect how such numbers could justify a $1.15 per share Fundamental Valuation for TVOG before any expansion numbers are even included.

I will consider the recently indicated Outstanding Shares (OS) of 104,014,137 Shares to derive this valuation:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136770722

EBITDA ÷ Outstanding Shares (OS) = EPS per EBITDA

$6,000,000 EBITDA Annually ÷ 104,014,137 Shares (TVOG OS) = .0576 EPS per EBITDA

Now we must multiply the EPS per EBITDA by a Price to Earnings (P/E) Ratio to get a Fundamental Valuation to consider for where TVOG could exist to trade compared to the other stocks within its Industry or Sector. The links below should help to better understand the P/E Ratio logic as being the growth rate to help assess the fundamental valuation of a stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170
http://www.investopedia.com/terms/p/price-earningsratio.asp

TVOG will generate $39,000,000 in Revenues and $6,000,000 EBITDA from their initial 5 Bitumen tanker acquisitions. For inquiring minds, Bitumen is considered a petroleum product. Within the Oil & Gas Industry, there are four known official P/E Ratios that could be seen ranging from 35.81 to 102.69 as indicated within the link below:

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

To keep this post even more conservative, I will use 20 as a fairly conservative P/E Ratio to use even though 35 could have been considered the low for the Oil & Gas Industry.

Please understand, if one chooses to consider a lower number or a higher number, simply use the Substitution Property to replace such variable or any other variable to what you might choose to believe is a more fair variable to consider.

EPS per EBITDA x P/E Ratio = TVOG Share Price Valuation

TVOG EPS per EBITDA = .0576
Oil & Gas Industry Conservative P/E Ratio = 20

.0576 EPS per EBITDA x 20 P/E Ratio = $1.15 TVOG Share Price Fundamental Valuation per EBITDA

Very important to understand, the legitimacy of TVOG and this valuation will be further confirmed by FINRA and the SEC and not by any of us here within the forum since FINRA will be the one who approves their proposed name change to be PrimeStar Bitumen, Inc. per the PR and Twitter site below:
http://bitumentankers.com/2017/12/06/turner-announces-completion-of-bitumen-shipping-acquisition-placement-agreement/
https://twitter.com/PrimeStarBit
https://twitter.com/PrimeStarBit/status/839958455142273025

TVOG has done a $25 Million deal with 25,000,000 Series A Preferred Shares with Network 1 Financial Securities, Inc., with a minimum price per share of $1.00 per share. This was filed with the SEC in an 8-K below:
https://www.sec.gov/Archives/edgar/data/1098343/000109991017000110/tvog_8k.htm

https://www.sec.gov/Archives/edgar/data/1098343/000109991017000110/ex99-1.htm

To better understand the legitimacy of Network 1 Financial Securities, Inc., below is a list from the NASDAQ website to show the amount of companies that they have brokered to get to the NASDAQ and AMEX in the role as either the Lead Underwriter or the Underwriter to where 27 were Filed or Priced while only 2 were Withdrawn to reflect an excellent track record:

Network 1 Financial Securities, Inc. Offering History

http://www.nasdaq.com/markets/ipos/offering-history.aspx?expert=network+1+financial+securities%2C+inc.




https://network1.com/


https://network1.com/executive-team/

I think it’s important to note that the $1.15 per share valuation for TVOG is for the initial 5 bitumen tanker acquisitions that they have closed. They are planning to expand up to 30 tanker ships in the next 12-18 months which could warrant a valuation 6 times greater (30 ÷ 5) than the one indicated above:

http://bitumentankers.com/2017/11/24/turner-initiates-corporate-website-change-reflect-new-acquisition/
Turner’s strategy includes a plan to expand from an initial the bitumen tanker acquisitions to up to 30 tanker ships in the next 12-18 months in addition to targeting the purchasing/leasing of import/export facilities, asphalt refineries, distribution facilities, and related businesses.

v/r
Sterling