Unique Logistics International Inc (UNQL)

[Almost A Myth]

I hope I'm right too!

Regardless of which way this goes, the merged in company will be much larger than the shell presently reflects.

Present market cap is about $37.5M, which I think is extremely undervalued.

We have $25 Million in revolving credit with CoreFund Capital. To put that into perspective, when our PPS was about .07, our market cap was $25M.

https://www.otcmarkets.com/stock/INNO/news/story?e&id=1756839

Innocap, Inc. Secures $25 Million Credit Facility Increase
NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Innocap, Inc. ("INNO" or the "Company"), a global logistics and freight forwarding company, today announced that it had secured an increase of its credit facility with CoreFund Capital, LLC ("Core").

The credit facility was structured via INNO's wholly owned subsidiary, Unique Logistics International (NYC) LLC, through an amended Secured Accounts Receivable Facility with Core, whereby Core agreed to increase the credit line it has been providing to the Company, from $12,000,000 to $25,000,000.

INNO is a global logistics and freight forwarding company serving a large customer base in the United States that includes major well-known retailers and other companies that import goods to the United States, export goods from the United States to other countries, or require other supply chain services, including warehousing. INNO executes sections of the supply chain process for its customers and holds, through its subsidiary companies, operating licenses issued by US Customs, the Federal Maritime Commission and the Transportation Security Administration for this purpose. It has offices throughout the United States and employs over 90 staff.

"The Company is now positioned to execute its growth plans with an enhanced credit facility of $25 million," commented INNO's CEO, Sunandan Ray. "We believe this to be a gamechanger for our future acquisition strategy. We are fortunate to have dependable business partners such as Core."

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Here's something else to consider, most of the outstanding shares are restricted. As of 12/11 the unrestricted outstanding shares was
69,694,109. Float also shows the same number as the unrestricted.

So we're working with only 69.6M shares available to the open market. Start figuring some market caps with that number instead of including the restricted shares, and we start to realize how undervalued our shell is.

I know that using the unrestricted shares to figure market cap is unorthodox, but for the sake of this example, if we use unrestricted only, our PPS would be almost .54 with present market cap.

Another way to look at restricted vs unrestricted shares is, we are working with only about 20% of the total outstanding shares....80% are restricted, and we know from company communication that the outstanding shares will NOT be changed.