Tower One Wireless Corp (TOWTF)

[gjervis]

At present TO has 490 in MLA backlog. Assuming US$75K/tower, then thats US$36.75M to buildout the backlog.

Lets say they get the $10M Bond, now i have no idea if this is Canadian or a USD bond. i will assume canadian. so, 10M CAD is around US$7.6M.

this then leaves US$29.15M left to find.

Assuming the worst case financing at say US$0.10/share or CAD$0.13/share, then that will be 291.5M more shares for a total of 384.84M shares (sounds horrible).

So, now that the financing is complete, with the backlog of 490 towers, add that to the 50 we have currently, then over time gives us 540 towers. Assuming, 30% colocaiton, then out of the 540, we have 162 colocated.

So, assuming we have no more build outs or additional financing or backlogs and just work with this for now, then TO's value works out to be around US$0.323/share when using the 15 times TCF valuation.

this assumes that when they have all this dry powder they still build towers for 75K, which i doubt. i am sure with mass buying of materials, they could drop tower builds to 65K.

i dont think financing will be done below 15cents/share canadian. cause if that was the case, we should have raised money a long time ago. so, this dilution count could improve, which in turn improves the future value per share.

just my thoughts on equity financing if it comes.