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Monday, January 13, 2014 10:39:49 PM
5.2 million new capital == 3.5 billion shares @ 0.0001 (notice that extra zero) accredited PRIOR to Sept 2013
12 million new capital taken in November 2013.
That equates to ~- 8 billion shares.
Now there are 1 million preferred convertible shares. At 5000:1 conversion. That is 5 billion.
So overall that is 17 billion shares (with the current float).
So let's say in 5 years all these shares on the market and FIX is making 100 million @ 80% margins.
That is 0.0047 revenue dollars per share. So if it trades @ 100 P/E it will be worth, in 5 years 4.70 dollars a share. At a P/E of 10, forty seven cents.
So.. it is 2 cents today... in 5 years it can be somewhere between 47 cents and 5 bucks. That seems to be a pretty decent risk/reward to me. And, in 5 years.... pot might be legal in Michigan as well...
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