Tuesday, November 24, 2020 2:28:21 PM
" Further under a Term Sheet that MedReycler-RI, Inc entered into with Pyro SS, LLC. MedRecycler RI, Inc. is currently drafting agreements under the term sheet for a stock purchase agreement for $1,500,000 upon receiving its operating permits for an additional twenty percent (20%) percent of common stock of MedRecycler-RI, Inc."
Takeaway here is that the 'value' of Medrecycler is considered to be roughly $7.5 Million ( Since 20% is $1.5M)
Now, we shareholders don't own MedRecycler per se, but we DO own SNPW. SNPW currently owns 46% of MedRecycler. Very easy to value that portion of $7.5M, it's $3,450,000
So... SNPW with a roughly $1.3M Market Cap... owns a $3.45M asset.
There are other considerations to be clear. SNPW has liabilities and debt, such as compensation to Nick. However, many of the liabilities we'd see on the SNPW balance sheet would be attributed to MedRecycler. Many of the accrued liabilities, the accrued expenses, the advances from related parties, etc. move over to MedRecycler and its balance sheet when it gets up and running.
Also consider that this is just one facility. We have the tech and patents to replicate this if successful, and that is where the potential and real future value lies.
I haven't bought any in a while until today, but I did add some at $0.0013 after reading this. To be clear... I'm not excited about the R/S... but I don't think it's a R/S like we'd normally see. I mentioned this before, but there's an online casino stock that did a R/S a few months back, and it's up about 10x since. They did it to be able to uplist, no fraud involved.
SNPW is in a similar boat. Whether the R/S is slightly before or after the facility opening, I'm hoping that any dilution and any shares that get sold will be at a price higher than what we're seeing now, and I'm fine with that. Money does need to be raised to expand, but I think this is a good raise rather than a raise of desperation to stay afloat.
Anyway, I think we're in a good spot and have exciting times ahead. I think fear of R/S has created a buying opportunity as the ~70% drop we saw a few months back was an over-reaction. I believe we'll see double-triple upon opening and more gains after if things go well.
Good luck to all!
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