Thursday, March 21, 2024 4:42:32 PM
The good news, from your analysis, is that the company doesn't need to take dramatic actions to deal with what's been agreed to in the terms of the merger. With currently authorized shares if they wished, even a small R/S say 2 for 3, would bring the total above what's needed. It can easily also be done with a small increase in the authorized shares.
I believe the real question is, how much do they need in earnings to justify a major exchange listing with say 1.7 billion shares outstanding. If we look at a P/E of 10, we'd need to be making $170 million annually, at 30 it's roughly $57 million for a $1 share price. $1 could move us to the AMEX exchange, but if we want the Nasdaq or NYSE it's 4 times that, or more. Is it possible, most definitely, but we really need to know what Core Optics is contributing, and sell one of the major carmakers/battery manufacturers to go for our battery media.
I don't know what others thoughts on our battery media's potential is, but I believe it offers billion dollar earning potential in time. How quickly can that happen, if we can make product available, very quickly.
This only is saying that IMHO it's possible to move the company to a major exchange without a R/S if the business is there to be making hundreds of millions annually. If that's not possible, and a major exchange listing is demanded, then a R/S is most likely the vehicle for getting there quickly. The key is convincing the investment public that it's the right move so the company isn't punished for doing so.
Gary
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