3Power Energy Group Inc (PSPW)

[davied25]

I guess that does make sense. But to do forward earnings, dont you need to know the bottom line, or at least the profit projections? I didn't know you could do that on revenue. Plus I would say it's accurate to use the combined two pojects they mentioned since they're similar in size, and they mentioned the total financing needed to do both.

So in that vein, $40 mil USD into 274 mil shares is .14. Without any multiple and IF the feed-in tariff revenue is mostly profit. I guess it might be mostly profit since Falak has been bankrolling the operating costs and they own most of the shares anyway. The $1.5 mil or whatever in current liabilities can be wiped out quick, plus paying down the financing costs. The Q did mentioned equity and debt financing which is why I was using fully diluted shares just to be conservative.

So even with a super low multiple of 3, my opinion would be the .40 range share price as a base. Take a bigger multiple and it starts getting weird! :)