Your spread sheet reflects an accurate picture of the comparison return structure between and investment in the oven lease fund vs an equal investment amount in SMKY shares directly from the market at the current ASK. It does demonstrate that a SMKY share price of .67 in three years is essentially the break-point whereby the $5,000 Unit's appreciated return is balanced and so accordingly, an investor such as yourself believing SMKY has tripple digit potential in three years would choose the market investment or in your case, to hold and not sell to purchase Units of the Fund.
However, your model also assumes an .06 price, but such would not be the case by far for most investors because if just 10 shared that idea and began to purchase $50,000 from the market, they would no doubt (IMO) be paying upwards of .50 by the time all got their $5,000 worth, which enables the Fund's offer to have its superior financial sense theoretically... So yes, at .06 it's prudent for an investor intending to put $5,000 "into" SMKY at this stage to (attempt) first to acquire market shares up to a certain level, but interestingly enough the Fund is thankfully selling Units and yet no meaningful purchases of SMKY are happening. Investors have (IMO) absolutely no idea how incredibly cheap SMKY is right now; I think it's the penny-stock-fear-syndrom that is gripping people.
At SMKY's stage in the life of a typical start-up or penny stock company, "new" money coming in to establish the critical beach-head of "first" revenue results in (offen substantial) equity dilution and loss of book value to existing shareholders. For SMKY to be getting capital now via the Fund and then from sales of its Preferred Stock that could both result in future years' stock issuances at potentially tripple-digit pricing, we are in a uniquely unusual position. To get $250,000 from an angel investor right now at our stock price & very low daily volume, we'd have to fork over 20% to 25% of equity (@ .015 to .02) and that's not even the primary financing yet. Let's hope all the Units sell to make that value dream a reality...
