Bubblr Inc. (BBLR): Food for thought... To prove a point...

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CSykes

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Sunday, 05/20/2007 2:33:36 PM

Sunday, May 20, 2007 2:33:36 PM

Food for thought...

To prove a point that UWRL is severly undervalued I have decided to provide some extremes. At some point UWRL will need to raise the A/S from 300M. The conversion of the Preferred B shares garuntee a 50.1% onwership at all times fully dilluted.

So.. Lets consider that the A/S gets increased to 1B and the O/S grows within the next 2 years. The conversion of voting B shares from the current 257M would be approx 386M shares. Factor in warants we could be looking at around 450M-500M O/S in the next two years. That being said, we know Sutioc agreed to pay no less than $2M for the company. So we take $2M and divide by the future posible O/S and we get .004 per share. Now this is a worse cases basis. We know in filings the company was valued at near $9M in a buyout offer. So 9M/500M = .018 but we shall be conservative and estimate market cap based on current equity of about $5M/500 = .01..

I think we can all say safely that anything under .004 is a great long term investment. The reorg of the company and the new management of Sutoic in connection with Ielement should see a significant turn around in the company in the coming quaters. I suspect a audits and re-application to the OTCBB to follow soon.

Load the boat !