XNRGI Inc fka NPWZ

[ShortonCash]

They are a merger target with the tax loss carry forward numbers
This for 2015 before the extra attention from the battery design.

http://neahpower.com/wp-content/uploads/2015/06/consilium-global-research_3-18-2015.pdf
We offer the following summary of the company’s IP in combination with some other value elements as a reasonable compendium to measure the company’s latent value. Table 8 This sum of the parts approach produces a present value of all of the company’s intellectual assets and tax loss carry-forwards of $117.7 million. In our second, more practical approach, we estimated the company’s likely revenue progression over the next two years and calculated a revenue achievement of $14.5 million which, when a 3x revenue multiple is applied, produces a value of approximately $43.5 million which, discounted at a 15% annual discount rate over two years produces a base value of $32.9 million. Add in the tax loss carry-forwards estimated value of $14 million and a total value of $46.9 million can be calculated. Currently the company is trading with an enterprise value of about $6 million. The steep discount from our valuation calculations is almost certainly attributed to the enduring inability of the company to generate revenues and the generally disappointing history of fuel cell investments. Investing at this time before real commercial corroboration takes place has its obvious risks, but it will not take long to respond positively if any of the pending customer discussions translate to real material engagements. It is understandable, however, why the market is taking a “show me” attitude towards this company and its stock

This was before the battery design in 2015.... its much more now...