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ellwodo

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ellwodo

Re: Crusader post# 86

Thursday, 03/03/2011 2:42:17 PM

Thursday, March 03, 2011 2:42:17 PM

Post# of 4434
I couldn't agree more. When they get AMEX listing I don't see why Quest's market cap shouldn't at least equal Avalon's. In terms of fully diluted shares (per the respective company websites) Quest has 70 million shares and Avalon has 104 million. For Quest's market cap to equal Avalon's, Quest share price would be 104/70, i.e. 148% of Avalon's. Avalon is trading today at $7.20, which would indicate a price for Quest of $10.65.

That assumes the market is right in its valuation of Avalon, which may or may not be true. However, it is certainly a nice number to think about.
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