Followers | 15 |
Posts | 1076 |
Boards Moderated | 0 |
Alias Born | 05/01/2012 |
Wednesday, November 10, 2021 2:25:14 PM
So, they'll have 4,200,000,000 issued at .67 right now market cap of 2.8 billion.
A reverse after they pump the deal after the new shares are sold. I think will determine the reverse split number. But, I think a market cap of $4 billion will work. So, a reverse of 16 makes a lot of sense. That would start the deal off at 262,250,000 shares now outstanding at price of $15'ish per share, assuming the price would be a $1 at time of spit and now the stock would qualify for margin-able status with options.
Then, what to do with the new cash and what new deal will they find? I personally think this is turning into a holding company. So, this Cenntro will be spun-out on their own. Because, why do this $300 money raise?
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM