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Friday, July 21, 2023 1:12:57 PM
What net profit would be needed to support a $20M market cap?
Odd people post about the share price every hour, but never about what it would take to sustain the PnD. Unless of course everyone is planning on exiting the day the contract is announced if it ever happens. Way past the 10 days in April it was 'supposed to'.
I say anything short of $20M net profit won't do it since the PE in the Part 135 industry is crap unlike the commercial airlines which Stever was trying to convince people that was a comp which is nutz. He was completely wrong on BitGift $13 share price and the Gold Mines. Now wrong again.
Of course there are many other factors including debt, how fast the company is growing, etc.
I do love that one of the companies has $40M of revenue but that was never confirmed it was annual or LTD. Past history of MONI deceptive practices would lean towards life-time.
Then there is that little issue that the deal may never close just like the Gold Mine. Only took a demand letter for Alice to get scared and run way for MONI to come clean 8-9 months later. If that isn't deceptive of old Frankie, I don't know what is. Did the companies ever settle the Default of Contract & Fraud charges?
Moon Equity Holdings Corp. Corporate Update - Press Release | 04/29/2022
Both Peruvian Mining deals with Royal Sovereign Costino and Minera Radiante SAC were cancelled. This was mainly due to unsatisfactory Legal and Compliance requirements identified in our final review. The PCAOB Auditors were unable to validate the properties located in Peru according to SEC requirements. The MONI business strategy was updated in Q1, 2022 to focus on Fintech and Crypto as documented on OTC Markets, social media and the company website www.moonequityholdings.com
https://www.otcmarkets.com/stock/MONI/news/Moon-Equity-Holdings-Corp-Corporate-Update?id=354654
Minera Radiante SAC Filing Charges Against Moon Equity Holding Corp ticker symbol MONI for Default of Contract & Fraud - August 15, 2022
https://mineraradiante.wixsite.com/minera-radiante-sac/about-1
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