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Renegades17

02/12/17 12:33 PM

#3292 RE: Crazyjake27 #3291

Where did you get 292mm shares OS?

All sorts of numbers floating around, but the company, to the best of my knowledge, hasn't given a figure since it's last 10Q.

I think 1x enterprise value/revenue is possible (equates to about a $30mm market cap). That's ~$0.15/share of equity value. I don't think the downside is that great from here given EBITDA should be $5-$10mm in 2017 (hopefully more), but the upside is impossible to gauge without an accurate share count.

My guess is we won't hear anything substantive from the Company, other than these contract announcements, until they're ready to file the 10-K. I personally don't think they will file the 10-K until late March. Figuring out the accounting implications of all of these debt conversions is time consuming. They also have to figure out tax implications, which will require a lot of input from their accountants.

A reverse split at this level would be 200-1 minimum in my view to make sense. That could precipitate a squeeze, but there's a lot of variables up in the air.
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Homebrew

02/12/17 1:12 PM

#3298 RE: Crazyjake27 #3291

$52,663 revenue in 9 months per 10Q. Where do you see $70 million?
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BusterCWK

02/12/17 1:19 PM

#3299 RE: Crazyjake27 #3291

Where can I find documentation for the $70 Million? Thinking of buying in!!!!! This sounds interesting!!