Ann: MSM Signs Agreement to Launch Megastar India, page-83

That paid for report could have yielded any valuation you like. That's the point. At this stage this stock is not capable of being valued and this lack of genuine analysis means it's a fair chance that it could do anything...like probably double and then halve again. Genuine institutional investors would at least wait for the results of this competition and probably the next one before bothering to dust off a spreadsheet. Then there is the wall of stock coming form insiders...my guess is most people don't even factor that I when they look at the market cap of this thing when the form their 'judgment' that "this thing is cheap".