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Re: RPH9878 post# 5086

Friday, 02/26/2016 4:39:45 PM

Friday, February 26, 2016 4:39:45 PM

Post# of 8579
RPH, while it would make for a more interesting Board if I were to disagree with you, instead I'm going to offer an assenting opinion from the fundamental side. Let's assume that all roughly $1.6 million of the debt were to be converted into common stock at the approx. 1.5 cents per share that Typenex just accepted. So that would mean there'd be issued about 100 million more shares (just doing rough approximations, as I need to run along). ...and then the company would be pretty much breaking even, even if there were not an increase in gross revenues.

The company would merit maybe a $5 million total valuation, if indeed there were promise/signs of growth and profitability, given its leadership in the industry. ...and that would take its market value to around the 3 cents per share mark, and all those new shareholders who used to be debt-holders would insist on selling the company out to the highest bidder. ...and remember that those new shareholders would own a majority of the common stock, so they can impose their will.

Have a great weekend!