Green Automotive Company Corporation (GACR)

[elmatador69]

Someone has to do the math - GACR is UNDERVALUED/OVERSOLD
OK, it was asked before what caused this stock to dump prior to Christmas. The nearest I can tell, it was as a result of a Seeking Alpha article about a "massively overvalued...electric vehicle manufacturer". Article was posted mid Dec 2013. Then, Seeking alpha followed up with another damning/bashing article about it's stock price. "Green Automotive Company Update: Case Closed, it's a $0.04 Stock at Best". That was 2 Jan 2014. A LOT has changed since January 2014! Is there an update from Seeking Alpha now highlighting this company? NO. But, as a Seeking Alpha member, I can tell you that they now have the stock as, quietly of course, "undervalued".

That's what I notice about bashers...quick to criticize, slow to recant. OK, so let's do a little math and see where WE find the valuation to be...

If we use the basher's number as the worst case scenario, GACR would be worth 100 mil. (It's worth more than that now because of recent developments, new sales, higher recurring revenue, etc... shown in their financials on SEDAR. However, I digress.

Keeping it simple: 100 mil value. Market cap is currently 1/10 of that @ 11 mil.
Keeping it simple: 100 mil @ 605 mil shares = base diluted share value of $0.165/share. About 800% higher than where it is now.

According to latest filings their NET INCOME from the 3 MONTHS ending 31 March 2014 was a whopping 56 MILLION, 431 thousand, 400 dollars - an increase over last year's Q1 ($38,082,717). That's a net profit of $0.12 PER SHARE (undiluted). What are we priced at right now? 2 cents. The company earned 12 cents/share and we are priced at 2 cents per share. Forward earning projections, even conservative ones, would now place this company at a much higher share value than it is today...

Besides, even the bashers agree (published but silent) that it now UNDERVALUED! (and were calling it undervalued when it hit 5.4 cents.) So, with my estimated current value of $0.16+ based on Jan numbers, and a ratio projection of easily 10x that, and a market cap that should be 150 mil or higher, this stock is undervalued on so many levels.

Maybe it was overpriced when the articles were written and it had a market adjustment...Momentum just got carried away. Now, it appears to be worth $0.22 current value with futures at $0.8415990 / share (fair market) RIGHT THIS SECOND... and they continue to grow, whether we reap the benefits or not.

Read more at http://www.stockhouse.com/companies/bullboard/gacr/green-automotive-company-corporation#y59V5afe8MuGMRP3.99