Hi guys,where to from here?Well it's all in the recent Corporate...

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.