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Re: LGL8054 post# 114

Thursday, 06/20/2013 11:14:34 AM

Thursday, June 20, 2013 11:14:34 AM

Post# of 223
What are you specifically referring to? The only stealing I want them to do is stealing market share to dominate the Bakken region.

With current assets at $800 MM and using an earnings multiple of 10X, at $4 they'd have a market cap of $13.2 MM, so earnings would have to be $1.32 MM.

Fraud aside, at $4 their ROA% would be 1.32 / 800 = .165% or extremely low.

That's without growing at all from EOQ Q1.


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