InvestorsHub Logo
Followers 0
Posts 13
Boards Moderated 0
Alias Born 11/16/2019

Re: C to the E post# 276223

Monday, 01/06/2020 4:53:06 PM

Monday, January 06, 2020 4:53:06 PM

Post# of 346655
As we sit here today, there is no way, even close, that FUNN merits a .25 SP. Our most recent reported revenue, fye2019 (unaudited, by the way) was $11.373M. That’s a fully diluted revenue per share of .013 - based on 885M shares (OS + convertible preferreds). That amount of revenue/share only merits a SP of .045-.05. Which is right where we’re at. The market has us pegged just about right. We need either more, much more, verifiable reported revenue (not woulda/coulda/shoulda bs), or a reduction, a big reduction, in number of shares. Don’t look for any relief on that front from Roger and Ben with their 4.757M preferreds that are convertible to 370M common shares.