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Re: Getitgogone post# 2295

Monday, 05/22/2017 9:47:17 AM

Monday, May 22, 2017 9:47:17 AM

Post# of 2812
That's massive dilution at this price

Over 6mm shares against an existing basic share count (excludes options and warrants) of 8.8mm. So we're talking close to 15mm shares excluding warrants.

So doing the valuation math, assuming he does $17mm in revenue in 2017 and applying a 3x revenue multiple (very generous), then the upside is a stock price a little over $3. Not sure why anyone would buy here unless they have superior insight into revenue growth.
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