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Thursday, October 31, 2019 10:15:56 AM
$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
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