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Alias Born | 11/08/2011 |
Monday, July 06, 2015 10:20:33 AM
100 million/$0.20 per share is 500 million shares - the current issued and authorized . the A/S count is not the "float" - but rather whatever the company makes it to be. From the most recent financials, the company has stated that this number could jump up to the 2 billion range if existing convertible notes need to be converted, as the current A/S is insufficient to cover it.
Even using your pseudo math, why not pick a larger number, like $3/share (ie Nasdaq type of stock)? This would put your "valuation" at an equally absurd number of $1.5 billion for this 5 man operation making a little over $700/quarter in gross revenue. Or using the 2 billion A/S figure if fully ramped up this would put us in the $6 billion range! At that price OWOO can start thinking about taking over Mattel instead of the other way around, right?
silly me.....
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