Replies to post #60030 on Nexus Energy Services Inc (IBGR)

[Choi]

New update on our settlement against TCA. It looks like we're getting more than $2.65 million. I believe the newer financing they've established in the past was around $10 to $20 million.



So let's just say worse case scenario is that we receive $2.65 million. If that's pure profit, and you put a multiple of 75x those earnings, which is about average p/e in the industry, that would give us $198 million market cap. That's over $1 a share...

The p/e is going to do wonders for our s.p. Especially if we get a bigger settlement...