….no, I wouldn’t agree with that estimate.
Base value, would be $.075/share.
But the big question is, what is the business now? Product, service? I’m assuming we are still in the aeronautics industry—but producing or servicing what? That’s a big, big question only GnBA can answer when it’s time. Depending on the answer, share prices could start at the base of $.075, and run to “the sky’s the limit”. One solid government contract, for example, could thrust it easily into your suggested estimate range.
Right now, too many unknown variables (which is exciting!), and not enough public information (which makes potential investors jittery).
My suggestion is get a website up and running, ASAP.