Alamo Energy Corp (ALME)

[ecmoney]

Almirall exercises call option to acquire 100% of ThermiGen LLC

In September 2015, Almirall acquired a minority stake in ThermiGen for USD $5 million representing 7.7% of the share capital of the company and paid $2.5 million in exchange of a call option right to acquire up to 100% of the company for an Enterprise Value of C. $80m. In accordance with the terms of the agreement, the transaction will be fulfilled during the month of January 2016



lets do the math



If (AND A BIG IF) ALME does a reverse merger with Thermi and their book value is at least $80 mil , this does not include their sales

ThermiGen, doing business as Thermi, is focused on the worldwide distribution of its products. In 2014, the company had $11.4m of revenue and is expecting to close 2015 with nearly $30m in sales and positive operating results


there are roughly 78 million shares outstanding

March 25, 2013, there were 77,911,622 shares of Common Stock outstanding
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9691209


80 million dollars divided by 78 million shares

the price per share would be $1.02

easy money


ec