Sunday, June 13, 2021 9:57:59 PM
My one issue is with the current OS at over 6 billion (according to OTC Markets), we will not be seeing a 20-40x move in GMZP. That would put the market cap of the incoming company at $2-4 billion.
There would have to be a significant reduction in the OS total, which I do believe will happen. GMZP does not trade like it has anywhere near an OS of 6 billion shares. After all is said and done, I believe we will see an OS count of 1-2 billion shares or something very similar to to the share count in AVVH. The spread and how thin GMZP trades is very similar to AVVH.
The last filing from GMZP had an OS of 901,624,694. This also matches up with yahoo finance. That would put a current market cap of $15.1 million on GMZP. Plenty of room if that's the case. That would be one of the lower market cap of all the SSM tickers and provide us with your 20-40x move once the merger is completed.
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