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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?
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