One has to base the company valuation on what the company is and from what I can tell this company so far only includes the North American operation.
It will be interesting to see how well the company is doing, we know of the 2 contracts totaling about $45 million and we also know the Far East to US freight is at an all time high.
What we also know is that the US company is paying about $500k plus 7% commissions to the China office.
So I think a major question is what does the US operation earn and what other percentages go to the overseas affiliates.
Lastly, I expect to see some extraordinary expenses in the upcoming statement due to merger, accounting and financial costs.