AER Energy Resources (AERN) Message Board

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Technology Stocks : AER Energy Resources (AERN)

AERN 0.000001000

-90.0%

Jun 3 3:19 PM EST

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To: Chris Wilkinson who wrote (453)	10/28/1997 1:17:00 AM
From: Glenn Woodruff	Read Replies (1) of 621

Chris: Why isn't this stock at 2 or 3 cents a share? If the company has a market value of $50 million (25 million shares or so, at $2 each or so), and an annual sales rate of $328,000 that's a MV/Sales ratio of something like 152X. Somehow, that seems steep to me compared to an Intel, Microsoft, Hewlett-Packard, or Motorola: proven performers. Okay, maybe twice sales; maybe four times sales, maybe a tad more, but 152 times sales??? What's the underlying value here? Why isn't this stock selling for 2 or 3 cents a share? Haven't they spent $50 million in the past 8 years with nothing to show for it? Am I missing something? Have they secretly out-classed lithium-ion batteries? And if so, where are the sales and profits. AER is a company, isn't it?

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