The most absurd things about that sticky, besides the PPS estimate are how far fetched a NASDAQ listing is. STOA would not even come close to reaching any of the listing requirements which can be found with 2 minutes of spare time and an internet connection.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
Not only that, the share structure you are using in your calculations is far, far different than what the TA has provided. Perhaps you are not aware that none of these so called deals have closed. I know it might seem odd that something announced in May hasn't closed by August; I'm betting it never will based on the history of this scam. What you fail to understand is the press releases and filings have not stated these deals have closed, they are "definitive Agreements" which as we all know in Pinky land, mean squat.
The only thing correct in your calculations is the AS and Magic Glow's holdings, nothing else can be confirmed or proven. I would guess that the estimated PPS value of the company is very close to the actual PPS value which will drop sharply after the RS.
.jpg)
.jpg)
