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Re: NewJerichoMan post# 6559

Friday, 11/03/2017 1:26:55 PM

Friday, November 03, 2017 1:26:55 PM

Post# of 8799
Can you say take-under?

Let's assume that CELH revenues for 2017 come in at $36 million (a very generous number in our view).

At 3.4X revenues that would place a valuation number for the company at $122.4 million.

Using the current share count (on a fully-diluted basis) of 58.8 million shares, that would put the price of CELH at approximately $2.08.

This stock should not be anywhere near its current price of $5.00.



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