it was also 113 million shares vs the 286 million. So it's like you said 5.87 times but 286/113 or 2.53 times the number of shares of which insiders own 75% to 91% whereas in 2012 they owned 2 million shares. So if we run to $2.50 again x 5.87 and divided by 2.53 the shares we are still at $5.80 per share if history repeats itself.
Actually, i think it was driven by the fact that Falak took over. And i think thats the problem today. The perception was that great things were coming with Falak in charge. Nothing to show for. I would imagine there is still great skepticism with Falaks will to make this big. I for one expected much more than just this shala project. But the jury is still out so we shall see
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