Wireless Age Communications, Inc.(WLSA) is undervalued by the market at its current stage. Fair valuation has revealed that based on the development of one renewable energy project, Wireless Age Communications, Inc. is valued at $0.69/share. This represents a potential return on investment (ROI) of 712% from its current market price ($0.085).
This valuation is derived from information directly available in a recent press release titled, "Wireless Age to Enter Plasma Gasification Sector". Source
In a recent interview with John Simmonds, Chairman and CEO Wireless Age Communications, Inc., it was made evident that the closing date to the acquisition of a strategic renewable energy partner, Sunbay Energy Corp., would be announced early next week. Simmonds went into detail on the imminent United States based projects, particularly focusing on Connecticut. He mentioned that Wireless Age Communications, Inc., along with their partner, Sunbay Energy Corp. President, Jordan Oxley, were negotiating partnerships for waste to energy plasma gasification plants throughout the state of Connecticut. Specifically Simmonds mentioned two multi-billion dollar enterprises that would partner with Sunbay Energy Corp., and Wireless Age Communications, Inc. to design and construct an alternative to incineration. Simmonds also mentioned a political movement that would force the State of Connecticut to find an alternative to landfills and incineration of their trash by 2011. The preposition is that in cooperation with these multi-billion dollar enterprises several waste-to-energy plasma gasification plants would fulfill that alternative by treating the waste thermally.
In the event that each individual facility constructed in Connecticut would yield Wireless Age Communications, Inc., net income equivalent to their plasma gasification project in Port Hope, Ontario, the fair valuation would increase exponentially from $0.69 per share. Remember the current fair valuation is based on one definite project. Wireless Age Communications, Inc. is also pursuing a name change that will fittingly reflect the industry they have entered. A debt reduction transaction pending board approval will result in the cancellation of restricted common stock, amounting to 30,000,000 shares. Resultantly, the share structure will reside as approximately 27,600,000 shares issued and outstanding.
This information was derived from an earlier press release titled, "Wireless Age in Discussions on Loan Repayment". Source
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