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Re: Helter Skelter post# 824

Tuesday, 03/02/2021 3:05:37 PM

Tuesday, March 02, 2021 3:05:37 PM

Post# of 890
OK, I guess we have to step in and help here. The BUY is NOT SHRG, there will be no material premium to today's prices on SHRG. In fact, it's OVERBOUGHT.

DSS has a $30 million convertible on the company. Do you really think that the note converts at $0.40 $0.50, $0.60??? C'mon now.

OF COURSE NOT!! If we had to guess, the note probably converts somewhere around $0.20 - $0.25, which is where the stock was trading when the note was signed.

At what WE think is the number, $0.225, the note will convert into approximately 133.33 million shares of SHRG that DSS will then own.

Combine that with what DSS currently owns (62.4 million) and you get a total ownership position of 195.7 million.

Total Outstanding shares of SHRG???

196,800,000

Acquisition, DONE.

This will add $6MM immediately to the bottom line of DSS, giving it an EPS of around $0.22. Nothing else DSS owns is profitable, so throw a 50 multiple on the EPS and you a price target of around $11.00, in our opinion.

We're long DSS, but we would NOT be long SHRG, the top has been determined and we do NOT think it's over $0.30.

Our position in SHRG is ZERO.

This is our opinion, go get your own.
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