I did catch that 'hidden asset' comment on the CC and at the time didn't really know what to make of it. Not sure how easy it would be to monetize but if we were to value those subscribers at 75% of the low end figure (i.e. 40 million X 75% = $30 million) right now it is the same value as the current market cap for the entire company!
The real kicker is if the multi-dwelling strategy shows promise then this story will be one of cash flow + growth.
Great risk/reward and again any balance sheet issues (which they are gradually addressing) create that 'wall of worry' that the
stock price can slowly climb. At the point that everything looks 'great' the price of the stock will have doubled (i.e. $6) and then we'll see the Seeking Alpha write-ups, etc. and can prepare for another upward move. Just based on the current business and cash flow numbers my price target is $5-6 within 12 months. If good news about the multi-dwelling project (test market is the Minneapolis area) then I think we have a chance to see $10+ within 12-18 months. At a price of $10 the company would be selling at approximately 5X current cash flow so I don't think that it is an unrealistic goal.
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM