Wednesday, March 07, 2018 2:05:15 PM
SGSI 3 years ago was valued at 45 million dollars. At that time investors had only bought and paid for about 8 million dollars in shares directly to the company.
Last year it bought a company. AWS from ICLD and paid 2 million dollars for AWS that turned zero revenue into 10 million/year in revenue and two quarters have reported over 2.5 mil in net profit since then.
They paid off 1.5 million dollars in old debt a few weeks ago.
They just paid 3 million in cash to ICLD for a second telecom engineering services firm ADEX, that is now 100% owned by SGSI. That added 20 million dollars a year the existing 10 million dollars a year of revenue.
Now they have a bank line of credit funding receivables (this is not convertible debt folks) of 5 Million dollars!!!
The market cap at todays price is only 2 million dollars!!!!
Multiple guess question!
Is the curent market cap
1) Over valued at 2 million dollars
2) WAY WAY undervalued at 2 million dollars?
It should be closer to 50 million dollars already!!!!
A bit over 10 cents a share would do that!!!!
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