Friday, September 10, 2021 1:53:05 PM
As for the $ 130 million, assuming it materializes, this only represents capital origination to the Clean Seas projects. If the transaction with the projects is done as a sale of goods from Clean Seas, it would result in a small one time gross margin. Yes, $ 130 million in revenue but some $ 120 million in costs! If it is deal is done as a consulting service, it would be a one time consulting fee say $ 10 million. I do not know the numbers but this is an educated guess.
An existing business earning EBITDA is worth more than what CLNV has produced to date.
Suppose there is an existing business is earning $ 3 million per year EBITDA. Current price to EBITDA in the cleantech sector is over ten times but let's use 10 for ease of the numbers. So, the target company is worth $ 30 million. A 3 cents per CLNV share, the company would need to issue one billion shares. Even if we increase the price per share and increase the multiple we still end up with big dilution and the change in control. This is typical for RTO's using shells.
Recent CLNV News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 09:30:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 05:45:06 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/19/2024 12:29:03 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:18:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 09:00:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 08:23:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 04:53:06 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 07:49:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 09:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:01:01 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 04:01:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:31:49 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 12/15/2023 09:57:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:03:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:54:03 PM
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