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Re: NewJerichoMan post# 113

Monday, 01/16/2017 4:08:50 PM

Monday, January 16, 2017 4:08:50 PM

Post# of 399
I have the below info (~ $11M) in Canadian $$$ for LBIX, which translates to about $8M USD.



They just raised $5M Canadian for the sale of the bottling plant. It looks like the revenue stream is gonna settle at $10M / yr in Canadian $$$. That's about $7.5M in USD. With a 1:1 P/S ratio (low but not egregious), the company should have a market cap of $7.5M USD (versus ~$5M currently).

That equates to a share price of approximately $2.65 USD.

Probably take some time, if ever, for the market to recognize it.