NASDAQ for LIBE/Cigawatt is a EXTREME long shot. Even with this prediction of a 2000 to one RS it is not going to happen for at least a decade.
Here we are one day after soft close, and 2.5 months away from hard close (if it does actually occur). PPS is tracking .0002 to .0003. And we are looking for NASDAQ?
Current Assets $40. Current Liabilities $666,790.
Conway's deferred salary has to be paid. Court judgements have to be paid. LIBE needs $200,000 MORE to buy Cigawatt's privately held non public shares.
Cigawatt's revenue stream has been estimated by several posters on this board to be between $320,000 annual to $400,000.
Current liabilities $666,790
Conway's deferred salary $110,000 to $220,000?? (unknown exact amount)
Court ordered judgements $80,000 to $150,000?? (exact amount is?)
Buying out all Cigawatt shares at $200,000 - (plus interest on the loan)
So low end, over one million $$$ in the hole by hard close? $1,056,790 negative is the low end.
High end Cigawatt $400,000 annual gross. Minus salaries, wages, rent/ lease, utilities, taxes, cost of wholesale goods like fidget spinners and vaping products that are in turn retailed?
Let's be very generous and say Ciga "nets" $200,000 annually. Analysis shows that by hard close AT LEAST 2 billion common shares in the OS, plus preferred shares issued to Ciga owners, and over one million $$$ in the hole by hard close.
So generously 200K annual net first year, one million $$$ in the hole.
But some new expenses as well: CEO salary is just one - coming out of the 200K estimated net income of Cigawatt stores and online sales. What other new officers and at what salary?
Who gets to vote on future company officers --- and their salaries? Not the current common share holders.
Opinion:
Why would Cigawatt want to go public versus growing as a private company? One answer "could be" they need more revenue stream, and selling NEWLY MINTED shares is a method to do it.
If selling fidget spinners and vaping products leaves only a small annual net income (after all expenses (COGS)), then go public, and dilute to sell shares to raise more money.
Money for expansion? Money for salaries and other COGS? Money for salaries for company officers - who are currently Cigawatt owners? Nice boost in income to suddenly be paid as CEO and/or other company positions....
NASDAQ? 200K net at best? One million in liabilities after hard close estimate? Two billion plus shares in the OS by hard close at the very least?
I don't see it. I don't see it even with a 2,000 to ONE split (WOW - that would sure anger 98% of all current share holders)
AI
