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Anthonywilliams

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Anthonywilliams

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Friday, 05/01/2020 5:01:27 AM

Friday, May 01, 2020 5:01:27 AM

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At 208m shares OS and 34c this is a 70m or so market cap.

Even if the new debt holders aggressively restructure the valuation usually applied is cash + earnings multiple. Cash at the moment is around $450m and last gross revenue reported is $841m. Even if the new valuation is discounted by 3x still makes form around $400m vs current MC of $70m.
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