Check out $ALAS, an 8-k was just filed announcing

Check out $ALAS, an 8-k was just filed announcing a reverse merger of a multi million dollar per annum LED retailer..

If revenue for the LED company really is $5 million than ALAS is extremely undervalued.

Lets do the math.. According to the recent filing there are only 19,060,458 Outstanding. If ALAS were trading exactly at earnings without a proper multiple factored in, were talking 0.26 per share.. (Which is not even fair value) I think its fair to say, given the industry that ALAS should be trading at roughly 4-5x earnings, which yields a fair pps of 1.05-1.31.. (I believe CREE trades at over 12x earnings.. In this case that would yield a pps of 3.12)

I'm interested to see how this one unfolds. If you find anything worth while please share it with me.

D&B states the LED company has annual revenue of $5M, Dec 2012: http://www.dandb.com/businessdirectory/energi...21805.html

Shares Structure As of December 20, 2013

Float about 3.5mm

The Issuer had 45,000,000 shares of common stock issued of which 19,060,458 were outstanding.

Corporate Website

http://www.excelluxinc.com/

http://www.excelluxinc.com/#!customers/cch1

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