Sunday, December 23, 2018 11:52:49 AM
Here is my take on Valuation :
The previous outstanding shares were 920,835,502 common shares.
The average price was approx .002 before people got excited and started to trade the stock as if it only had 1.6M shares.
Company was valued at approx - $ 1,841,671
Now the company has 1.6 million shares outstanding. Therefore the price should be $ $1.15.
The short position as of Friday that was declared is 202,988 shares ( source :https://www.otcshortreport.com/company/RYSMF ). How many are undeclared..hmm.
Carmelo and co. own 90% of 1.6M shares leaving the trading float to be approx 160,000 shares.
I would buy the stock up to $1.00 on Monday. The shorts will have a hard time to get out. My prediction is we get to approx $3 in 5 trading days on short covering alone.
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