Aqua Power Systems Inc (APSI)

[Roofus]

I agree ….

I think the real value here is in the $6.00 - $9.00 range.

$150+ market cap value
About 17 - 21 million O/S
(depending on how much minimal dilution is done on their first tap in to their funding from Platinum).

= $6.00 - $9.00 range.

But Platinum can’t own more than 4.9% of the O/S at any given time, as per the terms of the deal.

Therefore, the first minimal round of dilution to get funding, can’t be more than 840,000 shares added to the 17.2 million O/S.

Which would put O/S at 18 million shares.
$150 million market cap
divided by 18 million O/S
= $8.33 per share.