I will refrain from argueing with you.I attach more importance to a.o.the Grassroots method of valuation:
VALUATION
THE COHEN PRICE TARGET - $1.01
The Cohen Price Index Target is derived using a combination of academic and market-based valuation
approaches. The four equal weighted (25%) important components used in calculating our target price
than your simple approach.
So all I can say, follow your analysis and do not invest in BGEM..I know I will and in no small way either.
Let me quote the report's conclusion:
The Company competes on the basis of speed of service, proximity to consumer groups and
unconventional new products. We are confident of the ability of the Company to penetrate the market
and garner a larger market share. Risks include raising capital, and the execution of the Company’s
proposed business strategy. The Company will have to raise $2 million of capital to meet our
projections.
We forecast BGEM is on a fast paced growth trajectory and believe the Company is a potentially
lucrative investment opportunity for risk adverse investors.