The amount of misinformation and utter BS on this board is astounding. Anyone who cannot read financials for themselves but instead listens to the crap spin put on here time and again deserves to lose money. The company itself entered into a share exchange agreement with a fair value for the company at $24 million. (25 million shares in exchange for $1 million comes out to $0.04/share. 600 million OS now folks, so that's a $24 million market cap.) No spin required unless someone is trying to fool you. The COMPANY set that value and the investors agreed. Anyone who thinks the "actual" value of the company is $240 million or more is delusional.
Anyone who thinks the value of this company is $600 million (that's $1.00/share) should not be investing in the stock market. Please seek professional advice.
Just because a company has $1 billion in sales, it is NOT worth $1 billion if it costs $997,000,000 to make those sales. Again, seek professional guidance if you don't understand that concept.
This company turned a profit of around $3 million. They factor goodwill into their EBITDA (which is fine). They value themselves at around 4 cents a share. Trillium and 3a value them at around 4 cents a share. The public market currently values them around 4 cents a share.
There will likely be a pop tomorrow due to the increased profits and improved working capital deficit. But there is no fundamentally sound reason to expect this company to hold a market cap in the hundreds of millions as some here suggest. They diluted (increased the OS 50% from 5/31 to now). OS was 400 million and is now 600 million. It's basic math folks.
Let them scream about revenues all they want. Good luck!
