Just so nobody gets the wrong idea I didn't post the information on the other companies to compare them with RXPC at this time. What I did find interestinf was the share structure and market cap for those companies.
With a proposed Share structure of 5 Million shares RXPC's market cap would be 240M dollars. When considering others in this industry it really doesn't seem so far fetched.
Of all the companies the lowest share structure is 125M divide that by 5M = 25 times. In order to get a true valuation take $48 a Share and divide it by 25 it ends up being $1.92. Doesn't look so bad now does it?
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