Replies to post #16 on China Recycling Energy Corp (CREG)

[THE LURKER]

Yes I saw that. That's what the current President paid to buy the former President's shares. How they determined fair market value was not stated but probably based on this years earnings which will not be much given that there is only one TRT and it has just recently started. I've read two independent reports on CREG, one valued the company at $1.20 PPS and emphasized that value could change rapidly if more TRT's were brought into production, the other said between $1.50-2.00 PPS which is where the current PPS is, $1.70 the last I looked. IMO the real determination as to if this will grow into a blockbuster will be the current Presidents ability to get more TRT's up and running. It really boils down to how well he's connected over there.