Outstanding Shares 141,143,444 a/o Nov 07, 2017 -Restricted Not Available -Unrestricted Not Available Held at DTC Not Available Float 133,823,444 a/o Nov 07, 2017 0.001
- They are planning to vote on Dec 29 to increase the AS to 1 billion shares
- Reason for AS increase - "As a general matter, the Board of Directors does not believe the currently available number of unissued shares of Common Stock is an adequate number of shares to assure that there will be sufficient shares available for issuance in connection with possible future acquisitions, equity and equity-based financings, possible future awards under employee benefit plans, stock dividends, stock splits, and other corporate purposes." - Insiders and 5% stakeholders own around 168 million shares of common stock
Company is targeting a niche market with products ready to sell and an experienced management team who own 90 million shares (skin in the game). See form 4 & 3’s
“Eqova's products are created using full spectrum hemp oil and other ingredients to achieve standardized dosing. These formulations combine the scientifically validated, powerful benefits of cannabinoids in standardized products, which are then distributed to patients under the care of licensed health practitioners. All Eqova products are carefully researched and go through rigorous third-party testing before and after marketing, providing clinical-grade products made in cGMP Compliant Labs located in the United States.
Hypothetical future pps potential based on sector sentiment.
conservatively .25+ within first quarter of 2018 based on other tickers in the same sector trading today.
Much higher is very plausible later in 2018
Reminder of some current facts - float is less than 150 million - insider ownership is 37% - Market cap is only 1.5 million - CBD products are ready to sell
At .10 our market cap would be 15 mil
At .20 our market cap would be 30 mil
At .50 our market cap would be 75 mil
The sector: MJNA has a 300 plus million market cap and if you look at their description, they do CBD products.
Clearly extremely under valued at 1.5 million market.
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