Morella Corp Ltd (ALTAF)

[instructmba]

Galaxy at $2.55 or so is trading at relatively high 25 P/E with 407M outstanding shares. It is a WAG (wild ass guess) trying to compare them to ALTAF. Today we have no earnings but that is about to change!

Our company says they are worth $411M divided by 1,8B OS means the stock is worth $0.228 with no earnings to multiply by.

To be worth the same $2.55 we divide by same 25 and need to earn $0.04 per share but we have 4.423 more shares. Thus, we might expect our stock to be worth about $0.576 depending on our own efficiency and costs of goods sold.

Somebody have a better guess please sound off. Again look at LAC and their crazy price of $7.93 CA and no earnings for 1 or more years to go! True, they only have 88.5M shares which means we should be trading today, this very minute, at $3.90 CA!!!!!

Bottom line, its all a guess but we are worth much more than $0.36 almost any way you slice it.