Green Energy Enterprises Inc. (GYOG)

[MarketGeometry]

Valuation based on assets alone IMO

assuming 20% buyback 1450*.20 = 290 ..final OS 1450-290=1160 million shares

net assets per share =Asset -liabilities/OS =165-110/1160
=55/1160 =0.047 cents

That means if we sold all QASP assets after acquistions are done we can get 0.047 or 0.05 cents per share without considering any earnings.

Valuation based on Earnings for 2010 projected IMO

Earning 30mil -TAX (30 million )* .35(corporate tax rate)

30-10.5= 19.5 million (after tax)

EPS= profit/OS 19.5/1160 =.0168(PE of 1)

PE of 5 .0168 =.084
PE of 10 =0.168 or 17 cents.


Buffets Margin of Safety = Net Asset/Book value -PPS = .047-.013=.034 cents or .047/.013 =3.61 or 360%!! based on today's trading price of QASP shares