My $ASKH PPS estimated valuation is between $.20 and $.33:
$ASKH is a clean SEC filer with an LOI with a company that generates $20m and is profitable.
Currently the audit is super close to being completed. Final stages of audit almost complete per CEO. MaloneBailey are the auditors. https://www.audit-market.com/malonebailey
Now we will need to guess how many shares will be needed to be added to the O/S to complete the merger and financing. Usually legacy holders end up with around 10% of o/s.
Now estimated pps based on revenue and additional shares in o/s is:
$100m / 300m = $.33 PPS -
However, I like basing my estimated pps’s on the EPS- unfortunately from the resent 8k we don’t have that info- but I can can guess:
A low profit margin is 10% - so profit on $20m is $2m
EPS on $2m using our 300m o/s assumption is .0067 EPS
Using a factor of 30 for intended growth, the estimated pps value based on estimated EPS is $.201
So being pretty conservative with all the asummed #’s per my calculations my $ASKH’s estimated pps value is currently between $.201 and $.33 [color=Green][/color]
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