oncp business plan analysis
Okay, we have no way to make money currently, as far as I know.
We owe WRDC 210K to secure our 35% stake there. They are likely not currently making money, but are likely trying to sell 35% of the company (WRDC) to an investor.
Such an investor is going to say, "why does oncp have 35% stake when they've only put up 90K?" "And you're asking me for $300K?"
To which WRDC will say, ummmm... either ONCP will get less or they'll put up the money.
But where will ONCP get the money? My guess is they need to inspire a run in pps here so that they can dilute to raise the cash.
At .0002 pps, they would need to sell about 1 billion shares. If they can run the pps up a bit, the damage will be less. But I think the market will be too liquid to run it up on promises. People are gonna flip this puppy until we have something more concrete to invest in.
That is just my opinion.
What would be nice? If that 90K came out of internal trading profits at oncp. But I was under the impression that they stopped trading... could be wrong though.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
