LPE analysis, page-142

Cheer up buddy we just need to wait more time. It is very frustrating but as long as they keep growing the revenues the SP will eventually rise.

Have seen acquisitions paying paid $1m per GW previously while others have paid 9x EV/EBITDA. Current diluted market cap is what about $60m with just under $4m in bank, need to get EBITDA to $6m to justify MC. This multiple doesn’t take into account LPEs fast growing revenues so it could be higher. If you look the other way on GW we could be valued over $100m.

Market wants to see CFP so no further dilution (so do I). When that happens we can breath a sigh of relief and let management get on with growing the business.