AI
Thursday, October 10, 2024 3:03:41 PM
Here is my quick analysis
This shows Delex with $25m and $50m in revenues and assigns both a 5 and 10x PS ratio.
With the current OS the PPS should range from a low of $0.04 to a high of $0.16, the float which I increased to 30m is even more valuable, especially if that's all that is trading post merger as the rest will be restricted.
I also added scenarios where the OS post merger is 250m, 500m and 1 billion. My PPS targets there are anywhere from $0.13 to $2.
If indeed a majority of the current restricted OS are retired and we have an OS post merger in the 250m range, well you can see where the PPS would be.
My conclusion, as we will see, $0.02 is way too cheap for this ticker.
This shows Delex with $25m and $50m in revenues and assigns both a 5 and 10x PS ratio.
With the current OS the PPS should range from a low of $0.04 to a high of $0.16, the float which I increased to 30m is even more valuable, especially if that's all that is trading post merger as the rest will be restricted.
I also added scenarios where the OS post merger is 250m, 500m and 1 billion. My PPS targets there are anywhere from $0.13 to $2.
If indeed a majority of the current restricted OS are retired and we have an OS post merger in the 250m range, well you can see where the PPS would be.
My conclusion, as we will see, $0.02 is way too cheap for this ticker.
Bullish
