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Wednesday, January 12, 2022 9:42:44 AM
The PR release looks legit, no over hype, just saying the sales agreement for whole US was transferred to another company, one that is public where we can participate in the future growth instead of a private company.
Also, in the penny market, a clean shell nowadays is easily worth $15mil market cap and more if they can bring millions of tax losses forward for the new company to keep future profits.
Liquidity/price spread maybe an issue as bigBrother mentioned so investors should welcome more shares via an offering after the price goes up. This is a great situation where having the money to fund everything will actually HELP shareholder value instead of dilute it.
In 6 months this company will look completely different and much more valuable than the $15mil market cap today
my opinion is Buy below a $60mil cap
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