JanOne Inc (JAN)

[againstallodds]

Now calculations with realistic value

a) Number of shares

Current commons 6,880,000
Pref A converted (100:1) 288,588 x 100 = 28, 858,800 commons
Total commons: 35,738,800 commons

b) Now we have to figure out the net gain in asset value IF there was a sale:

If the sale is made at the Book value, and there is nothing justifying any premium over book value as the recycling segment is loosing money) there is NO GAIN IN ASSET VALUE. Therefore no impact on share price. However, there could be a dividend declared if payment is in cash, that could trigger the will of insiders to convert the prefs A, in order to grab the divies. So the current commons would only make up 19.25% of all the new commons (fully diluted)

So shares currently at $0.65 would be worth $0.1251 (fully diluted)

Ain’t absolutely nothing presented in the last 10Q justifying a price increase, to the contrary

Recycling is the only hard cash generating activity, Geotraq is burning cash.