Thursday, November 16, 2017 7:00:16 PM
Here's the news
The main question at this point is how many arms/legs did they have to give up to make such an acquisition - and how/if that will impact the SS.
We don't know what we don't know... so let's focus on what we do know:
NYP saw over 100 million total visits in October, which alone gives LTCP a high 8/ low 9-figure valuation. It's in the top 150 most visited sites in the U.S. each month. Add in the Towers/Christ Card slice and it's all accounted for. Short story, LTCP is going higher, much higher.
HAON holds 56M of LTCP's ~ 245M common shares, or ~ 22% of the company under the current SS.
LTCP is currently trading at a $13.5M market cap and there is no doubt this will definitely make things interesting.
Many here clearly avoid DD, obviously based upon their objectives, but the relationship with LTCP was intentional for HAON. It didn't happen by chance. For those who've stuck it out the ups and downs, this is just the beginning of what will be a very fruitful relationship with LTCP.
HAON will benefit.
Consider that even at a 13.5M cap, considering HAON's current share structure, our LTCP holding has a worth of .0005 share value.
Perhaps leadership hasn't done a good job of painting the picture of this relationship, but LTCP will absolutely be a catalyst for HAON. LTCP won't trade at .05 for very long. Considering some quick DD on today's acquisition notes, .25 - .50 isn't out of the realm of possibility for LTCP in the very short term.
We'll see how the market responds, but you can do the math re: impact for HAON. Towers and NYP aren't small names. And rest assured, this is only the beginning.
TL/DR: LTCP is legit and, well, HAON is guilty by association.
Towers Investors Website
The Christ Card
New York Post
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