Note, from the quote above, that the President also mentioned that the current market cap was below $100,000 on April 6, 2016. The stock closed at $.0001 that day. Simple math will reveal that $100,000/$.0001=1 Billion shares outstanding on April 6, 2016.
Together, if the President said the company was worth ~$10,000,000 in takeover value and had 1 billion shares outstanding, then the fair price (market cap) would be $.01. (10,000,000/1,000,000,000=.01)
One Penny is a 25X bagger from the current price.
Of course that PR is from two months ago. Any number of things could have changed-- There may have been dilution since then, or some debt may have been favorably renegotiated, etc. But anyway you cut it, IMO, the stock is very undervalued. We will soon know just how undervalued when the filings hit...
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