Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OMG bid/ask just went up again premarket 14/15 now
this train isn't slowing down, gap up already pre market, jesus.
Key XTRN .0156 Buyout Valuation to Consider...
Whenever there is a buyout of a stock, it is predicated upon the Outstanding Shares (OS) for how and who the distribution of the payout or buyout. Courtesy of crudeoil24 within the post below, the OS for XTRN is 1,188,212,990 shares as of May 23, 2017 so this is what I will use to derive a valuation through logical deduction:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131608079
There are also more key variables that must be derived for consideration. The cash amount of the Tender Offer is $20 Million. However, the PR stated that XREE is going to acquire to acquire 100% of the XTRN outstanding stock, liabilities, and assets:
Quote:
http://www.marketwired.com/press-release/x-rail-entertainment-inc-otc-pink-xree-makes-tender-offer-las-vegas-railway-express-otc-pink-xtrn-2217955.htm
LAS VEGAS, NV--(Marketwired - May 23, 2017) - X Rail Entertainment, Inc. (OTC PINK: XREE) www.xrailentertainment.com, owner of the X Wine Railroad, X Train, and Club X Train membership businesses, CEO Michael Barron announced today that the company has made a tender offer to the management of Las Vegas Railway Express, Inc. to acquire 100% of the Company's outstanding stock,liabilities and assets in exchange for $20 million in cash and stock from X Rail Entertainment, Inc. ...
Per the recently file Interim Financial Report filed by XTRN on Feb 17, 2017, the
https://www.otcmarkets.com/financialReportViewer?symbol=XTRN&id=166554
Liabilities = $1,543,269
Assets = $196,027
To understand the proper math to be attributed towards the $20 Million in order to be able to derive a valuation for XTRN, we must subtract the Assets amount from the Liabilities amount then subtract that amount from the $20 Million to derive the amount that will actually be attributed towards the final amount of distribution to XTRN shareholders... observe below to see how the equation would actually look:
$196,027 Assets -$1,543,269 Liabilities = -$1,347,242
$20,000,000 -$1,347,242 = $18,652,758 Net Tender Offer
This means that after the Assets and Liabilities have been taken into consideration and accounted for, the final payout is $18,652,758 for the final amount that will be awarded to XTRN shareholders. Considering that the OS for XTRN is 1,188,212,990 shares, we can derive a buyout valuation of below:
$18,652,758 ÷ 1,188,212,990 Shares (OS) = .0156 Per Share
The Tender Offer PR above stated that... "The offer would deposit into XTRN the total of $20 million in cash and securities in exchange for 100% of the Company." ... This means that upon completion of the Tender Offer, XTRN shareholders will have placed into shareholders' accounts a certain amount of cash and a certain amount of XREE shares which last traded at $3.90 per share.
I will be looking to buy at open :)
epic. 500% today. should continue tomorrow. Nice job whoever is in.
HOLY SHEET! cray cray yooooo. This is going to pennyland!
Hell yeah! go XTRN! chugga chugga choo-choo!!!
gotta be crazy to sell right now, overnight ppl will see the news and it will be on the breakout boards in the morning, still has upside imo.
1.5 billion in volume today. I don't think people are going to let this go down so easy.
Major runner of the day. Sweet mother..
The fun has just begun :)
double digits, here we go!
this is going to break 10.
just bought 3 million at 9!
sweet mother! penny land here we come!
The ask is already at .0050 Gap Up Coming :))))
This has way more upside potential, a penny at least this week.
should be out of trips soon
highhhhhhhhhhhh flyinggg
~DRNK .0005, another notch of credibility lowering the auth and these other items discussed in the initial press...
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=109250184237189002043188175037003003191140218168
Apr 24, 2017 NOHO, Inc. to Freeze Conversions and Negotiates Debt Buyout Marketwired
Apr 19, 2017 NOHO Inks Deal for Nationwide Distribution Marketwired
Apr 14, 2017 NOHO, Inc. to Reduce Authorized by 40 Billion Shares - Company Plans to Take Action Against Previous Management ACCESSWIRE
Mar 3, 2017 NOHO Negotiates Distribution Deal and Updates Share Structure
If anyone has any questions, comments or concerns, Call David Mersky, NOHO's CEO.
1 (480) 498-8300 Extension: 3659
this is looking better and better everyday
people are eating up those 6's!
hells yeahhhhh
get ready everyone, we are going to be flying.
5's are the new floor. Can't break it. This is going to double very soon. CEO is creating value, bringing new products, distribution and reducing shares. It's a no brainer to buy at these levels and hold. Get ready, its coming.
CEO says:
-share reduction coming next week.
-Acquisition with producer of medical marijuana products pending.
-Products streamlined through new Distributor and amazon.
-Quarterly Report Nov 17th 2016
http://www.otcmarkets.com/financialReportView...;id=162893
Total Assets: $ 4.5 mil
Net Income 2016: $ 3,6 mil
Share price will rise. Patience. It will pay off. Goodluck to all.
is William Mccusker, NorthBridge, or Samuel Oshana selling this like madmen, shareholders getting wrecked.
who is selling all these shares? its never ending.
who is this Oshana you keep talking about? Samuel Oshana? Does have the majority of shares or what?
mccuskerco holding corp announces closing on Nationwide tech solutions for 4-19-2017, appointment of Jack Barcroft to board of directors.
via twitter
also: mccuskerco holding corp to release merger docs and legal explanation as a few minor investors were concerned
via twitter
might be a good hold until Friday, esp with shareholders meeting on Friday.
the chase is on.
Breaking new highs today! LETS GO!
.0034 on the bid, this thing will fly again
the chase is on.
with over 1 billion in volume yesterday and hardly any selling, there is no stopping this today. Too many people are focused on this. Number 1 on the break out boards here on ihub. Watch this go to a penny. The monster has just woke up. good luck to all.
Penny Land is coming here..
I spoke with the company, news coming soon.
out of triple Zeros! now its time for .01!!!!! holy moly
Going to move up again tomorrow. A lot of people holding here.