$ALPP Epic Shareholders:
Here are three major institutional investors that are now Shareholders in $ALPP.
- Airbus (yes, one of the largest aviation companies in the world)
- Bessemer VC (the oldest Venture Capital firm in America)
- Eclipse VC
Here’s 3 very important quotes from the acquisition 8K:
- Number of shares: The Company designated 2,028,572 shares of Series C Preferred Stock.
- The Stated Value of the Series C Preferred Stock is $3.50 per share.
- The Series C Preferred Stock shall be convertible automatically into shares of the Company's Class A Common Stock
Let’s put it all together.
1. Series C Preferred stock converts into regular, tradable A stock 1 for 1. So the C preferred has the same value as A.
The only difference is that there’s a 2 year waiting period for Airbus and the others to get their A shares (I.e. to convert their C to A)
2. The value of Impossible Aerospace determined by the sellers was roughly $7M dollars.
As payment for that $7M dollars, Airbus and the others accepted roughly 2M shares, as noted above.
Accepting 2M shares for a $7M dollar sales price means the shares received are worth $3.50 per share.
Since 1 C preferred converts (in 2 years) into 1 regular A share, it implies that Airbus and the VC firms looked at the $ALPP business and determined that a reasonable fair value for $ALPP stock l, right now, is $3.50 per share.
Did y’all catch it?
Airbus and the VC firms believe a reasonable price for $ALPP stock is $3.50. Right now.....
And they are so confident....they’re willing to hold restricted shares for 2 years.
There is no question that $ALPP is ridiculously undervalued.
This is just beginning ;)
