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Re: Bubae post# 48212

Wednesday, 08/09/2023 1:42:49 PM

Wednesday, August 09, 2023 1:42:49 PM

Post# of 49873
Maybe after all my post 48153 wasn't that far from what could be going on.

If by miracle the debt was to just go away, capitalization would become around $64,000,000 using a conservative multiplier of 12 (and a revenue of $8,000,000
Assume that Leon could convince his creditors to erase the debt in return for up to 7,000,000,000 new shares.
Then the credtors would have an immediate $45,000,000 asset (7,000,000,000 shares worth12 x $8,000,000 divided by 10,000,000,000 O/S) to replace their loans and ongoing exposure to a total loss or almost if Leon shut down over night or declare bancrupcy.

Patiently,

Roger

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