Veltex Corporation (VLXC)

[notanindex]

So if you assume it has no earnings then one would assume a P/B of 1.2 times - assuming the book value of approx. $156 ml and outstanding shares of 80 ml it would yield a price of $2.34 per share so discount by 50% and you still get a price of $1.17 per share.

If it actually has earnings like PRSC then one could assume P/B in excess of 2 times but let's stick with just 2 times and those same assumptions yield a price of $3.90 or a discounted price of $1.95.

Pretty crazy, also I assumed a 50% reduction for 2 reasons to be conservative and for dilution as a result of the acquisition or reverse merger or however it acquires the assets.