takeover, page-4

Hi guys,
where to from here?
Well it's all in the recent Corporate Update (Sept 2008)

The company says "Previous acquisition of energy retailers in Qld provide a $1000 to $1300 price per customer. Mooted price for NSW retailers has been up to $1200."
They then proceed to use $1200 to show that 60000 clients are worth $72 mill and 100000, $120 mill.

They also add "this does not include valuation of the Easy Being Green business"

As they claim to be on target to 100000 a valuation of $120 mill (assuming 200 mill shares) indicates each share is valued at 60c! Add blue sky and EBG and I reckon you are looking at $1 per share. No wonder the Directors have been buying so religously.

But wait there must be a problem with my logic. Why would these shares be available at 12-13c???? Any help or advice would be appreciated but they will need a jackhammer to get my shares for anything under 80c based on the company figures.

Now if only I trusted these guys, I would feel a lot more confident.