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Thursday, May 21, 2020 9:26:51 AM
So, my take on this is that we had just under 3 billion shares before the split. A normal 1,000,000-1 would have resulted in about 3,000 shares. Because of the 'min 100' feature, which is 'dilutive' in a sense, there were about 3x as many shares issued as otherwise would have been, 8,331.
Because of that, my rough calculations would have each share worth about what 333,000 would have been before the R/S, rather than a million.
Shares were trading at $0.0001-$0.0002 at the end (although they'd jumped somewhat) so at a baseline I'd say (333,000X$0.0001)$33.00 is a very low point based on where they were before, and $33-$66 would be an opening range in conservative evaluation.
THAT said.. None of this incorporates the news that we are current, that we've paid off all debt, and it doesn't factor in that we traded as high as $0.0008 when this R/S was announced.
8,331 shares at $33 gives a market cap of $277,000.00 so I think that's fair as a low starting point, but let's remember that there was almost unlimited demand for shares at that price, so I don't see any reason that shouldn't continue in the new structure. Because of the aforementioned good news, it seems that baseline could move up pretty easily. All of this could change if new shares are issued, if a settlement is reached/paid, if patents are issued, etc. Just taking an initial stab at where shares would trade!
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