Discussing R/S AFTER the move instead of BEFORE, the news of today may lead to the scenario I did outline earlier. The issue making our market cap less than our revenues is the DEBT (Our expert certainly would agree with that) ... Therefore going back to my post # 42639, maybe (just maybe) Leon is starting a process I did imagine for fun earlier ... Who knows?
TODAY'S NEWS : Ethema Health Corporation is offering up to 4,166,666,666 shares (“Shares”) of its common stock, par value of $0. We expect that the fixed initial public offering price per share of Common Stock will be 0.0012 per share.
PREVIOUS POST OF MINE (pual Post #42639)
Let’s have fun,
Having time to spare, I imagined a business plan of action Leon could sell to real investors, interested in the opportunity offered by the market we are in.
Note that:
- Our business now has a great reputation in the market we operate into
- we are in the wrong manipulated pinky market,
- we are crippled with debts
- we have a great start-up-type of revenues
- The market we are in offers an unlimited potential for growth.
PLAN OF ACTION
1- At current pps (.0005) we should do a reverse split of 10,000:1 bringning
- our PPS at $5
- our # of O\S down to 375,000
- keeping our MC at less than $2,000,000
- for a company having a going annual revenue rate of at least $5,000,000 per year.
2 - Then Leon should get us listed on NASD as soon as possible.
3 - Thereafter he issues 10,000,000 new shares at $5,00 generating a $50,000,000 cash asset.
4 - Then use that money to eliminate all our debts and more.
Our picture becomes
- 10,375,000 O/S.
- no more debt,
- a well-established operation,
- a MC based on a multiplier of 11 would be the most conservative one can expect for our great current operation.
- Our justified MC then would become: revenues of $5,000,000 X 11 = $55,000,000
- That MC divided by 10,375,000 shares = PPS of $5.30/share
BOTTOM LINE READS: No debt, solid operation to grow from, acceptable PPS/MC.
NEXT STEP: EXPANSION:
Then Leon could go to the bank:
- borrow $10,000,000
- add it to whatever was left from the selling of new shares and
- invest it all in a new facility allowing for major revenue growth.
Hypothetic … but who knows what Leon has in mind?
