Friday, May 25, 2018 1:40:10 PM
-So far David has removed Bland and took control of the company
-Eliminated all remaining debt with minimal impact to shareholders, final O/S will be 600M which is peanuts
- In the process of completing an acquisition that will directly increase revenues and the bottom line
-As well as stating Oil Rig sales, increasing organic revenues and margins and additional M&A activity
I know I might be getting my hopes up, but with the plans he has and what he has done I don't see how an audit and QB uplisting are not in the plans. It legitimizes the company as well as opens the door for traditional debt financing to enable exponential growth via M&A.
As I stated earlier there will be peaks and valleys along the way but as people have stated this should be valued at .05 just based on their current operations, it will get there and beyond.
At .05 with 600M O/S market cap is only $30M, they are on pace just with current operations to surpass $8M in sales, so at .05 its only revenue multiple less than 4x which is nothing.
also with current projected EPS around .0033 a 20x PE puts the price closer to .06
So without anything else this should be in that range, add in Oil Rig Sales, Five Star and who knows what else and we can easily go well beyond
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