Astika Holdings Inc (ASKH)

[Welcome2Pinkyland]

$ASKH -just reinstated and merger is still on/ recent new auditor. and my current $ASKH PPS estimated valuation stays the same -> between $.20 and $.33:

$ASKH is a clean SEC filer with an LOI with a company that generates $20m and is profitable.

Market cap currently is only $750k

O/S is 29.8m
Float is 21.6m
https://www.otcmarkets.com/stock/ASKH/security

Revenue of acquisition candidate is $20m

5 X factor of revenue puts potential market cap @ $100m

$100m / 30m = $3.3 pps estimation

But that is not my PPS target. - additional shares will need be issued to secure the merger and financing mentioned in the 8k https://www.otcmarkets.com/filing/html?id=12526793&guid=7f2MUpjTIc_Oa3h

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.

estimated pps based on revenue and additional shares in o/s is:

$100m / 300m = $.33 PPS -

estimate based on EPS- from the merger 8k we don’t have that info- but a guess will work for now:

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

being really conservative with all the asummed #’s per my calculations
$ASKH’s estimated pps value is currently between $.201 and $.33

Merger company photos:
https://investorshub.advfn.com/uimage/uploads/2018/10/20/woetgF8201763-7D93-47C9-B9F8-C384E5FC13F7.jpeg