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Thursday, March 21, 2019 9:28:05 PM
However i do wield a mean calculator, and i have proven i know how to use it. Our market cap as of 4pm today stands at a little less than $2.5 million. For a company that is profitable, has no debt, and will most likely be north of $15 million in 2018 revenues and north of $15 million in 2018 assets on hand.
What could be the absolute worst real valuation? Well what if the unthinkable happened and Clayton locked the doors tomorrow. I've never heard of a profitable business just shutting down, but go with me on this.
With no debt there are no creditors to pay. Assuming the receivables will cover all the payables, that leaves SSOF with $15 million in assets to be disposed of. Let's say they can only get 60% on the dollar in a fire sale, that is $9 million.
If you divide that $9 million into 644.1 million shares you get a fair market liquidation value of about .014. And that does not take into account the numerous catalysts that are all lining up right now, nor is there a chance in hell of locking the doors, and it doesn't account for rising oil and how flush with cash 665 customers continue to be.
And i don't want to hear about the A-1's. They go with the shell. And they only have value if you exercise them and continue to run the business. You lock the doors, bye bye A-1's.
To say this stock is undervalued is like saying there is snow in the Arctic. 014 is the bottom of the valuation, it must get back there through osmosis, and any catalysts that land over the next week or so should propel us higher.
No prediction, just math.
GLTUA
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