Just to be conservative let's assume the following:
*The share count goes to maximum of 600,000,000 by deal closing date *Pro Star revenues for 2015 were flat with 2014 at $27 million *Price to Sales ratio is 1/2 the industry average of 1.0 for Trucking Co's at .5
That brings us a valuation of $.0225 per share. A SEVEN bagger from here.
(27M*.5/600M) (13.5M market cap / 600M shares= .0225 per share)
Of course, the audited financials will determine the proper price, but the investment makes sense based on what we know & what is reasonable to assume...
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.