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Moneychats

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Moneychats

Re: None

Friday, 02/02/2024 1:46:08 PM

Friday, February 02, 2024 1:46:08 PM

Post# of 9501
Not advice: Technically it should go to $0.0030 after the recent PR.
Some people don't see why that PR is great news. It says the company has reduced $2 mil debt which equals to increase of $2 mil net equity. Allocated to 900 mil shares (actually floating shares are 850 mil) that is about $0.0021/share. The closing price was 0.009 before the PR. So technically the fair market price of VAYK share should be 0.009+0.0021=$0.0030

I am not saying that the PPS will reach $0.0030. It may not. I just want to debunk some claims that the PR was all fluff.
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