Conversion Labs Inc fka CVLB

[jefra1965]

SEC filing out. CVLB just bought another piece of the PDFSimpli business segment and brought it's ownership form 51% to 82.6% total. A business segment that will be worth more than $500MM within a year and it's currently making 16% of the total revenue.

Legal Simpli Software (LSS) Following the consummation of the LSS Restructuring, CVLB PR increased its ownership of LSS from 51% to approximately 72%, with up to an additional 10.6% of LSS reserved for CVLB PR upon payment of the remaining tranches of the CVLB PR MIPA.

82.6% Total after the last payment


CVLB made $277.7K with LSS in 2018
$2.54MM in 2019 and about $5.9-$6.1M in 2020. With very good gross margins.
(Don't quote me) According to the CEO this business segment will be brought up to a $25 to
$30M
Revenue RR to be divested or sold at an attractive valuation within 9 months to a year. He actually said within 6 months last time he talked abut that at the Benzinga conference. Check Docusign (DOCU) for an example of the kind of valuations these BM get. DOCU is trading at 37X revenue. So a decent valuation should around 25X revenue. That's a $625MM price tag that even with a discount is above $500MM for only the LegalSimpli segment which is about 16% of the total business.

Now we now one of the reasons why the stock is running higher every day.