CurAegis Technologies Inc (fka CRGS)

[dread50above]

OK--one last one for Leitrim. Maybe Torvecian and others would like to publish their own analysis of the numbers. Not saying mine are right but here's a stab:

Well, if we work the math backwards from paragraph 3 of the Update, 3.1M SAIC shares must be worth about $2.0M based on 88M SAIC common being the equivalent of $57M one time licensing fee or about $0.65/share.

$ 2.0 M Deposit
$ 57.0 M One time licensing fee at contract
$ 59.0 M Cash or about $2.00 per share.

$ 76.0 M Annual Rev on Iso-Torque Diff @ $120 x 2/vehicle (est 10% share of 3.0M light/heavy vehicles per year - no factor for growth)
$ 230.0 M Royalties on est 10% share of 2.3M vehciles @ $1,000
$ 50.0 M Profit from TOVC sales of FTV in North/South Amer (est 10K/yr at $5K profit/FTV - maybe low)
$ 356.0 M Annual Revenue

$ 18.9 M After-tax profit (est 15% on Iso-Torque and TOVC FTV sales)
$ 138.0 M Est after tax on Royalties for Chin FTV sales (60%)
$ 156.9 M

$1,569.0 M @ Multiple of 10

$ 52.33 per share on 30M shares
$ 2.00 per share cash

$ 54.33 per share

This is a back of the envelop analysis. WOuld like to see the analysis of others.