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Friday, December 22, 2023 3:41:10 AM
As of June 30, 2023, Shareholders' Equity is Total Assets ($32,264,250) - Total Liabilities ($3,365,261)
= $28,898,989 (See June 30, 2023 Annual Report below).
I'm going to divide that Equity number by 1 billion OS. What I figure the OS will be after this offering is complete.
I get $0.02899 (2.9¢) shareholders' equity per share. But wait, there's more. I estimate the proceeds from the offering (185M shares x 3 = 555M shares @ 6¢) to be $33 million dollars. Add the already existing assets of $28,898,989 + $33 million cash from the offering = $62 million (shareholders' equity).
$62 million shareholders' equity / 1 billion OS = 6.2¢ equity per share.
BETS' current price is $0.0051.
![](http://investorshub.advfn.com/uimage/uploads/2023/12/22/diork0_-_bets_Balance_Sheet_Annual_Report_June_30_2023.png)
BETS' pro forma statement is even higher (and probably more accurate with insider info).
"Pro forma, as Adjusted" has Total Shareholders' Equity @ $94,894,477.
Divided by 1 billion OS = 9.48¢ shareholders' equity per share.
![](http://investorshub.advfn.com/uimage/uploads/2023/12/20/kwtev0_-_bets_proforma_122023.png)
$BETS
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