Regarding buyout ideas:
Current OS is almost 10B shares
Even at lowest price in current trading range, 10B x 0.0001 = $1M
That means the current market cap of INXR is currently fluctuating between roughly $1 and $2M
Therefore, if you are going to talk about being bought out, you need to answer these questions first:
Q. Since most business purchase prices at least run the numbers very annual sales as one metric for valuation, you must ask: What is INXR's worth as defined by annual sales?
A. To even reach a $1 or $2M buyout price by calculating just one times annual sales, you'd need at least $90,000 to $180,000 a month in sales. That is the bare minimum, but since good and profitable companies can be purchased for upwards of 10X annual sales this is the lowest possible monthly sales for an unprofitable company at current market valuations. Most business analysts would not be able to justify even a $1M value on the business until they have fully audited sales number approaching $80,000 a month.
Q. What are the company's profit margins?
A. None to speak of for the foreseeable future. Since the 35% portion of revenues that go to the shell ownership was evidently not rescinded as evidenced by the latest papers posted on PinkSheets then you'd have to assume the business will have to achieve pre-tax margins of over 65% (35% to Drew + 30% taxes) to even approach profitability. Since this is basically impossible to expect, the answer is the profit margins are unknown, but until the company is fully compliant with known audit guidelines it is fair to assume shareholders will not be able to benefit from any topline growth hitting the bottom line.
Q. Who holds the saleable assets of the company that can be considered available for sale in the first place?
A. The recently disclosed financials show a $1.5M consideration given to Drew ostensibly for the software interests of the company. This may potentially resolve the questions of whether intellectual propery and proprietary value is held by him or INXR, but it was very vaguely documented. Due to the consistent practice of purposefully vague declarations and documentations by this company, there is no clear status on this issue. But even at $1.5M going to Drew in the form of equity means he received even more in equity than it is currently valued. This probably was due to executing such terms at a higher share price.
Q. What is the current insider position?
A. This must be answered to consider whether there remains any insider incentive to sell INXR because a buyout is only valuable to them in relation to their own remaining shareholders. As clarified by myself earlier, until the transfer agent is ungagged and every aspect of the share structure is completely transparent you will not be able to assess this factor. No heavy insider position means there will be no buyout. No heavy insider position means the only further way for themselves to benefit from further equity holdings in the company is to issue themselves even more shares by either raising the AS or by reverse splitting and then having plenty of shares to issue to themselves again.
There are many considerations to why a company can, would or should be seriously considered as a buyout candidate. As of now, there is no compelling argument that can be made that INXR is worth more than 0.0001 a share. With any continued burn rate and further indebtedness the question will not be if they are buy out candidates, but how much less than 0.0001 the company is worth. If there is a constant writedown against unclearly held assets and unknown business prospects, there can be a steady negative valuation on any business. Many companies have a negative net worth so that is a pretty basic concept to grasp before imagining values that may or may not exist.
