$ALAS looks interesting.. 8-k out announcing a rev

$ALAS looks interesting.. 8-k out announcing a reverse merger with a pretty profitable LED company.

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

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 anyone is able to find anything worth while please share it here with the boards.

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



List of Clients and on Going Customers

IBM
Microsoft
Honda Automotive
VW Automotive
British Petroleum
Blue Cross Blue Shield
Northwestern Memorial Hospital
Memorial Sloan Kettering
Grant Thornton
Ikaria
Hanover Life
Spencer Stuart
Hon Furniture
JP Morgan
University of Colorado
Washington State
University of Utah
University of Iowa
University of North Carolina
Purdue University
University of Missouri
MIT
Morton College
University of Texas
Clorox
Goldman Sachs
Westin
Sony