In an announcement to the press 10th October 2007 Black said...

In an announcement to the press 10th October 2007 Black said they expected to sell 75million units of the Eco bulb over 4 years. Given they are acquiring 10% of the company at this juncture, at $8.75 per bulb x 75m x 10% /4= their annual share= $16.4m. have i got that right. at at p/e of say 4 thats, mkt cap = $65m, ie 6.4c. Using a p/e of 8x = mkt cap $131m.+ 13c per share. Not counting other revenues where remote meter reading accounts are growing at 350 units per month?