TEN Associates LLC reposted
LongBullyStick
@LongBullyStick
My $IGPK thoughts!!!! 👇👇👇👇👇👇
On Thursday, March 28th at its corporate headquarters in China, JFH Digital E-Commerce Corp (Jun Fenghuan) will Celebrate its 5th Anniversary with a “Stock Listing Celebration.” There is no longer doubt that the company is merging into the OTC ticker $IGPK. This is an already known fact!
The question then becomes, what is JFH's plan? As the CEO, President, Secretary, Wang Dejun voiced in a corporate video last week, the plan is to “stabilize market value for 3-months, then prepare for NASDAQ transfer."
So this super merger represents a strategic maneuver aiming for an uplist into the Nasdaq. Just like Alibaba and TEMU before them.
However, it's essential for us to set realistic expectations for the merger's aftermath by understanding what may or may not happen on Thursday.
Background & Financial Projections:
➡️ We should temper expectations at this early stage of the acquisition. There is still so much we don’t know. IMO, it still presents a remarkable opportunity! However, becoming an overnight millionaire is very unlikely to nearly impossible. So let's do some basic math.....
Value Per Share Calculation:
➡️Estimated 2023 Valuation of Jun Fenghuang:
$70 billion.
➡️ Outstanding Shares of IGPK: 4,001,817,059 shares.
➡️ The company's estimated valuation divided by the total number of outstanding shares will give us an estimated value per share -- which is very impressive considering the assumptions made here!
🔥🔥 So, using $70 billion from 2023 divided by the outstanding shares count of 4,001,817,059 -- the estimated value per share, post-merger, is approximately $17.49. 🔥🔥
➡️ Assumptions: (1) The 2 billion shares referenced in the NVSOS corporate documents have already been added into IGPK at the closing. (2) The 1000:1 reverse split will not happen immediately or not at all or may even be a different ratio? (3) The entire $70 billion company is coming into the shell in order to uplist into Nasdaq.
Realistic Expectations to Remain Grounded:
➡️ The celebration in China is for the Chinese! NOT FOR US! They most likely will not reference existing IGPK shareholders or thank us for our patience. This is about them creating a big show for their own country and to gain new app users and customers.
➡️By the time of the big celebration, the company may or may not have access to OTCIQ yet? Thus, the “yield sign” may still remain on the IGPK
http://OTCmarkets.com website.
➡️Company may not have a new ticker symbol by the time of the company celebration.
➡️ With no new ticker, the company will NOT mention IGPK -- a symbol which once representing a cannabis company. Since all recreational drugs in China are illegal, it is likely the reason the company has not mentioned the ticker symbols at all so far.
➡️ At the celebration, with no new ticker, no mention of IGPK, no OTCIQ access, no strategic plan announced to shareholders -- many of us will dump! Be ready for this to happen if it does. And if you have to sell, or no longer want to invest, then sell.
➡️ Consider the long-term growth potential here versus impractical astronomical gains and expecting to be rich immediately following the listing celebration.
Strategic Advantages:
🔥Uplisting to Nasdaq: The company has a plan! A big strategic plan they have been working on for years! The successful merger into the IGPK shell and the subsequent uplisting to Nasdaq will, for the company, enhance liquidity, enormously increase visibility in the market, and will attract a broader base of big institutional investors. Hopefully for those of us still hanging around, we will benefit enormously too!!!!
Disclaimer:
🚨This document is not financial advice.🚨
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