Bankrupt and Distressed (BAD) Research and Due Diligence

[Madclown]

You don't even understand enough for me to waste any more time on it. Respond to the post below since it doesn't involve splits or additional equity raises:

Let’s look at a best-case scenario in which there is no reverse split and there is no additional dilution from an equity infusion, shall we? I’ll make it nice and simple so even you can follow along. On docket # 332 PDF page 18 shows that there would be 237 million outstanding shares in this situation (no r/s and no equity raise). With 600k in EBITDA and a 5x multiple, the EV would be about $3 million. QSGIQ holders will collectively own 13% of the equity in the company. Let’s say all $3 million is equity. So 13% of $3 million is $390k. Now, to get to a value for QSGIQ you divide the value ($390k) by the number of shares. In this scenario, there are 31 million shares. So, 390k divided by 31 million yields a value of $0.0126 per share. That would be best case. Even under a best case scenario the stock is trading 9 times higher than its actual value.