Verisante Technology Inc V.VER.H

RE: I still stick with my earlier calculation

[juanona]

fdfd, with all due respect you might want to revisit your assumptions: to go from EBITDA to net earnings you have to take into account not only taxes, but also depreciation & amortization. As Paradign pointed out in their Aug report, these latter are likely to be substantial (due to all the M&A activity) but not really relevant to a fair value. They instead use EBITDA and a multiple of 12. Alternately, one could use Rob McWhirter's estimate of .84 net earnings which DO allow for Depreciation & Amortization. In the end I tend to agree with your fair share price based on FY08 estimates to be in the high teens, but I get there a little differently. On a related note, does anyone know how many shares outstanding we will have when the dust settles? With the extra 100M financing, along with the over-allotments, I suspect we are a bit over 100M. Good luck to all, Max