You can't base it on earnings since you don't have any.
I took $100,000,000 and divided it by $1,403,000,000 as a rule of thumb for the net asset worth, book value. That number is wrong as well because LLEG already has committed money to the Berlin location. That amount added to the 100 million then divided by the $1.403 billion will give you a rough estimate of where the stock should be, net of all other locations. Now they already own the NY location and funds have been paid so they should be factored into the value. I would guess its somewhere over $.10 per share.
This is only my opinion. You should research before you invest to limit your risk. When you invest in pinks its all risk and most fail, Never risk more the 10% of your holdings in pink sheet stocks!
Howard Haftel