El-
That is a very good question and not answered with just one number.
Me personally, If I bought at .16 those numbers would be good if I was able to sell and make a quick few dollars in the short term.
Having bought in pre-split and then selling post split, there is no realistic chance the pps could increase enough to get me whole with what I have left. If I reinvested my original amount and the pps jumped to .48 I could get back whole (simple math).
In context to the word, "significant" that I used in my post, I was still alluding to the $1pps. Reminder, I only used that number as an example because posters previously used it. It is unfortunate, but even a jump to $1 won't get everyone whole who was bought in pre-split- and every single investor has a different math calculation to get them right.
Regarding your last line- a 50% increase from .16 to .24 sounds great on the surface, but not if your $1 investment bought shares at an average of .16 pre-split. However, those that bought after need that number to jump the 100 in reverse to get back to even.
I'm bullish on idea and concept but bearish on the company as it is today. If some of the things change that I have mentioned, I may be back in. If this company makes the changes, starts reporting performance and there is a consistent increase in revenue, they could be a prime candidate for being acquired (even by Securas). Then you could see a liquidity event that has potential to return some money to the public investor. But, if they don't, this stock will languish on the public side and only the best, "guessers" will get a return chasing highs and lows.
If they don't start reporting audited financials and do what is necessary for transparency they will not get any serious inquiry from a PE or VC Group. Although, you could have a group come in review their P&L, buy them and take them private in preparation of a flip in a couple years after they clean up the books. That is a more likely scenario in my opinion and that would not be good for the public side.
