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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: speculatingvalue who wrote (42)	4/26/1998 5:50:00 PM
From: speculatingvalue	Read Replies (1) \| Respond to of 6016

Any estimates on the new EPS for the year end? Using the old figure of 12 million shares, I get: First Quarter: .07 Second Quarter: .04 Third Quarter: .04 (estimate) Fourth Quarter: .04 (estimate) for a total of .19. For 18 million shares (12 mill original + 3 mill new + 3 mill warrants), I get a dilution to 12.7 cents per share. Using a conservative P/E of 15, I get 15*12.7 = $1.90 for a reasonable share target price. Are my calculations reasonable or am I missing a piece of info? Am I overestimating the earnings for the last six months? Also, does anyone know where the warrants are trading? Cheers!