Novus Acquisition and Development Corp (NDEV)

[MIKE18181]

NDEV- this is what they wrote (MGMT)

STOCK PRICE VALUATION: In addition, since Novus is a publicly traded
company insurance entities trade higher, around 20 times multiple and the
stock price is valued on a “Book Value” basis. By monetizing the Letter of
Credit we can project the stock price at $2.73 per share giving the company a
Market Capitalization of $300 million. During year 1.