Biocentric Energy Holdings, Inc. (BEHL)

[Are2D2]

Evaluating Behl's Worth

This is my opinion:

I will use the $ 6 million order only.

$ 6,000,000 / 2 = $ 3,000,000
$ 3,000,000 * .35 (conservative profit) = $ 1,050,000

$ 1,050,000 - 200,000 (misc expenses; labor etc.) $ 850,000


$ 850,000 x 15 P/E multiple = $ 12,750,000 (As long as Behl can prove that future revenue streams are in the pipeline)

Ok let's throw in some more fuel for the fire.

Market value to this point = $ 12,750,000
Add in Patents value======== $ 5,000,000
Value of the expertise:
Dr. Goodall
Mr. Gass
Mr. Sanchez
D. Fisher
M. Berry==================== $ 10,000,000
Timeliness of this industry
could increase the P/E
multiple from 20 - 40
lets just use 25 X
$850,000 x 25 =
$21,250,000-12,750,000 ===== $ 8,500,000 more
you could also argue about the
total industry potential (Fuel, Food, Cosmetic, Co2)
200 Billion Plus

12,750,000+5,000,000+10,000,000+8,500,000 = $ 36,250,000 current market cap. Outstanding shares = 1,000,000,000 * .036 PPS

Therefore PPS should easily be between 3.5 cents to 4.5 cents just based on the profits from 1/2 of the 6 million dollar order

IMHO
BG