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Thursday, July 09, 2020 10:27:58 AM
What Backstabbed stated below makes more sense:
It’s a rare OTC occurrence that a lender exchanges all his debts for company shares! Which means if the lender owns 51% of the company based on ~$18.5M debt extinguishment, then he has the company valued at around ~$37M+ dollars!!!
That would put us at a MC of $37M and a PPS of ~$0.0037!
A long way to go from $0.0001 x $0.0002
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