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Re: bob4uall post# 5311

Sunday, 03/24/2024 6:04:14 AM

Sunday, March 24, 2024 6:04:14 AM

Post# of 5345


I don't know how their share price can be around $0.20.



The reason IPSI is selling for appox. .20 is because the have 13 million shares outstanding and a float of 11 million.

If they had BZWR's O/S which is 406 million the price would be .006

13m/406/m =.032 * .20= .006.

Also i agree about the financial position of IPSI see my post #5189 on 2/29/2024 where i stated:

As a matter of fact BZWR is doing much more business than the acquirer.

The acquiring company also had a 10.2 million( loss) in 2022--- negative stockholders equity of(6.8 million) with limited cash.