An unauthorized collection of the records of Alternate Energy Holdings, inc., its principals and subsidiaries, and their antics, trials, and tribulations

Former AEHI CEO Don Gillispie

Former AEHI CEO Don Gillispie
OK, everyone, I've got to step out for just a minute. I'll be right back, I promise!

Tuesday, November 16, 2010

Alternate Energy Holdings 3rd Quarter "Results"- the Consolidated Balance Sheet

A good way to estimate the value of a company is to look at the assets on its balance sheet,  especially a company that has never had any revenue.
According to the balance sheet from their latest 10-Q, they have a little over 8.5 million in cash, the somewhat overpriced Energy Neutral Home ("asset held for sale"), and some mysterious "property and equipment", less accounts payable of 48, 467, making the total $8,543,898.00
The company has 322,664,756 shares of stock outstanding.  Dividing the 8.543 million in assets by the 322.6 million shares comes out to $0.026479 per share. That is the maximum price a smart investor would pay per share to acquire the company.  As of Sept. 30th, that is.  According to the 10-Q, they were burning money at the rate of 1.6 million every three months, or 533,000 per month, so the value on November 30th would be about 2.3 cents per share.
That's what the company is worth, per share.  That's what the share price ought to reflect, because that's all there is to this company.  All Talk. We're going to.... Announce our latest press release.... We've announced our intent to sign a memorandum of agreement to discuss a potential letter of interest in a commitment to intend to eventually apply for an approval one of these days.

But those pesky anti-nukes, they spoil everything!

News flash:  You don't have to be anti-nuke to notice how a shitty business is only getting shittier.

No comments:

Post a Comment