The valuation is spot on.... $150m in income EBITDA yeilding a...

The valuation is spot on.... $150m in income EBITDA yeilding a value of 15% which is fair conservative value puts the stock at $1.05 per share

If I yeild it a 10% return the stock is worth around $1.57

Remember "debt" does NOT change a business valuation it only reduces the businesses net income annually due to interest payments each year.

A business can come along.... buy out the debt and collect the interest it was paying along with the surplus cash. (profit)

The stock is worth $1 + easy LGC's will always be around and to be honest the business dosent really rely on the LGC's.

The future is releasing energy at peak periods and developing power storage systems.