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Saturday, September 12, 2015 11:54:45 AM
Market cap is figures by closing price X O/S,
Well I'm more in line to just multiply by what can be traded out of the O/S, the 200mm Float.
And out of that I'd assume those holding free are out of the float, and those holding for their first 100% to go free are as well locked up.
I bet there are not 30mm willing to trade.
I think we are looking at a $450k market cap at .015
The market must get up to .02 to open up more shares.
If they can pay off toxic debt, they got the market cap in the bag.
I'd say this is under valued by a multiple of 27.
Just my insane gorilla math.
I think we will see .25-.33 in the short term.
18 months max.
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