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Re: er111a post# 336

Tuesday, 12/05/2017 11:54:37 AM

Tuesday, December 05, 2017 11:54:37 AM

Post# of 1384
They own 22% of that stock and as of now BRAC doesn't actually own or do anything. They are looking to acquire/merge with business entities with the money they raised. They haven't actually done anything yet so the value of those shares is up in the air.

But they raised a lot of money so that's good. Throwing around 1 dollar valuations here makes no sense though, anfc isn't worth a 500 mil market cap in any way shape or form. The company they own 22% of has a 160 mil market cap. 22% of that would give us a 35 mil market cap, which is exactly where we are trading.
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