Solarbrook Water and Power Corp. (fka SLRW)

[Ranro1000]

I am new to this site and I am very impressed. Was fascinated by the previous postings for this stock...was not aware of the points made by many of these posters.
I found the stock and did some homework....their last balance sheet in 05 shows $23 million in net equity.

With 336 million outstanding now...it would seem that book value per share could be much higher than the market price.

If equity fell by 1/2 over the last 2 years...then they have 11.5 million in equity or 3.4 cents.... course equity could be much lower,,or higher.

Obviously, they financed operations by selling stock going from 90 million shares to 337 million shares, perhaps they did not diminish thier assets too badly to pay the bills. We will see.