Big China Deal, page-39

The directors were previously involved in a water company that had 300 roll outs.

They have now moved onto EMC, which has superior technology.

$1mil in recurring revenue from 4-5 installations = $60mil from 300 roll-outs (assuming they can repeat this success).

Water technology companies are valued at 10-18x revenue, taking midpoint = x14

$60mil x 14 = $840mil.

300 is a drop in the ocean compared to the estimated 30,000 - 40,000 needed in China as part of the 5 year plan they are embarking on.

Based on this analysis the market is probably still significantly undervaluing the growth potential here.

DYOR.