Earth First Technologies (EFTI)

[momentumtrader]

John Stanton has clearly announced
that the merger with cast crete will happen before the end of the year. He has also stated in a recent press release
TWELVE MONTHS PRO FORMA EARNINGS
JULY, 2006 - JUNE, 2007


Sales $ 150,000,000
Earnings before interest and taxes 65,000,000
Interest expense on Acquisition Debt (25,000,000)
Income taxes (16,000,000)
---------------
Net Income $ 24,000,000
===============

Estimated Outstanding Shares 15,000,000
(Post 1 for 60 reverse split)
Earnings Per Share (EPS) $ 1.60

This is clearly based on todays share account 2.5 cents earnings per share. With a pe of 15 that puts this stock at 42 cents. Thats not even factoring profits from EME division.