Tuesday, July 25, 2023 9:38:32 AM
Taking that issue out (theoricaly), assuming a year revenue of $8,000,000 or so, and accepting a realistic multiplier of ... let's say 10, with current O/S of less than 4,000,000,000, our pps would be at least $ 0,02.
If the debt is (parttly) mostly eliminated by issuing 4,000,000,000 or so new shares at $0,012 then our pps miraculously become at least $0.01 assuming no additional revenue growth.
This being said, the above is just as significant as analysises done by someone wanting us to believe him without more justification than the above (LOL).
The fact is: Either Leon can resolve the debt issue somehow or he cannot. If he cannot, then why does he keep running the business an duly report quaterly ???
Bottom line, not being Leon, I consider this to be a fun risk (for anyone not over committed).
Patiently,
Roger
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