can you please explain where you got npat of 24 million? forecast of ebitda is about that. I see 12x p/e outrageous. People pay 8x for good companies. I see Rfg as a more 6-7x p/e if we average their npat for last 2 years the average is about $3.5million. Multiply this by even your expensive 12 times nets a price of $42 million or under 2 cents per share. I see the actual value more like 1 cents per share. IF and a big IF they do not raise any more money. So just fyi even if you think this is going to the moon there is still a lot of downside risk.
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