Tuesday, November 10, 2020 5:05:49 PM
did EL buy 95.8% of a (ahem) $700MM company for $230K?
This time I'll answer.
They didn't.
The Beaver is CEO of both entities that were created in May (EL) and August (Sollensys).
They had equity of $485 at the end of September. Nothing magical happened because of a RS.
A market cap of $230K puts the pps around .0025 -.003.
If you triple that it might be worth a penny based on the FINS. And yes, that’s post RS.
GL
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