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Re: Bubae post# 44022

Wednesday, 09/07/2022 4:10:49 PM

Wednesday, September 07, 2022 4:10:49 PM

Post# of 51251
'' ... notes now in default and the crazy June note with the $150K penalty, variable rate interest, 24% default penalty ... Leonite solidified its claim with the $745K June note due in 6 months. In addition there is $700K in convertible preferred shares of Cranberry Cove which holds the Canadian property, $400K in Ethema (GRST) series "B" preferred shares which is senior to all others, and other senior secured debt. ... The other stake holders need to catch up and make their claims as well because this appears to finally be unraveling ... The original $3.2 million in series "N" notes is now $3.9 million. It would appear that the interest has been rolled over into the notes ...

My hypothetical scenario would resolve all debts and shareholders (in particular the one (s) 'dumping in' millions would then hold 120,000,000 shares in a company having 200,000,000 O/S and 800,000,000 A/S left over.

That company would be debt (and notes) free, have cash on hand and an annual revenue of more than $5,000,000 right on day one.

So what do you think:
1- this company would be worth? (market cap)
2- What multiplier woud be appropriate

Patiently,

Roger

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