Replies to post #21869 on Laidlaw Energy Group, Inc.(fka LLEG)

[Howardhaftel]

You can't base it on earnings since you don't have any.
I took $100,000,000 and divided it by $1,403,000,000 as a rule of thumb for the net asset worth, book value. That number is wrong as well because LLEG already has committed money to the Berlin location. That amount added to the 100 million then divided by the $1.403 billion will give you a rough estimate of where the stock should be, net of all other locations. Now they already own the NY location and funds have been paid so they should be factored into the value. I would guess its somewhere over $.10 per share.

[reversetaxman]

Cyclone-I based my guess on a prior posters computation-post # 7042 and used my own expense guess. He came out with around a pps of 9C based on 900m shares outstanding at the time. I adjusted some of the amounts and converted it to present value with spec discount. It's all a WAG-But I always try to be conservative.