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Friday, July 07, 2023 1:19:36 PM
At 250,000,000 AS with diverted river (DR) taking 80% thats 200 million of the 250,000,000.
5% of 250m would be 12,500,000 shares... of which $6 million in debt for an OS of 250,000,000 (regardless of restricted or not), would be the equivalent of $0.48 per share if they'd want to break cost even on that $6 million for those 12.5m shares.
At $0.48 per share with a 250m OS this could have a potential market cap of: $120,000,000
https://www.globenewswire.com/news-release/2023/03/31/2638727/0/en/Simplicity-Esports-Signs-Agreement-to-Convert-Promissory-Notes-into-5-Common-Stock-Ownership-and-Extension-to-Exchange-Agreement-with-Software-Company-Diverted-River-Technology-LLC.html
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