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Re: NewJerichoMan post# 30486

Sunday, 02/04/2024 9:50:02 AM

Sunday, February 04, 2024 9:50:02 AM

Post# of 32868
Just to drive this point home, the control price of this project is 844.722M yuan. That's basically $118.5M USD, depending on the conversion price that day.

Below is our current market cap. Yeah, I expect the authorized share count to be maxxed, if not even more. But there is a huge disconnect between a market cap of $5.6M and said company is taking bids on their project that is 20x that size ($118.5M control price of Fengxin Project / $5.6M market cap).