Morella Corp Ltd (ALTAF)

[instructmba]

Did a little homework...NPV is about $411M per financials. Outstanding is 1.8B shares with top 20 holders having 1.1B of those shares. That means we folks hold about 7000,000,000 shares. Let's say the top 20 hold their shares for the long long haul. 1.1B divided by 7M equals .15 earnings per share... thus we got to trade at 5 to 10 times to justify $0.75 to $1.50 per share. Now this is looking through very rose-colored glasses. Anybody got a better estimate? Those top twenty don't hold then divided 75 cents or $1.50 by 2.57 or something like $0.30 to $0.58.