This is why is so hard to take some of your seriously on this board. Let's just assume that there are 132 million shares O/S based upon the 3/31/11 numbers....I think that number is closer to 200 million by now. Using the $1 figure, it would value the company at $132 million. For a business that's not operating and doesn't have a working product.
You see how unrealistic that is? Wait, you probably don't!