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Replies to post #22435 on iTeknik Holding Corporation (ITKH)
02/21/17 2:46 PM
02/21/17 3:00 PM
02/21/17 4:39 PM
03/10/17 2:38 AM
The .11 per share valuation for ITKH is based upon this one acquisition of Big Rhino Corporation which ITKH has spent $4.1 Million out of their $15 Million of non-dilutive Institutional Funding that they have allotted for the acquisition of Big Rhino Corporation to complete.
The .11 per share valuation for ITKH is also based on the OS still being 214,825,275 shares. The believed to be added 255 Million shares was terminated and will no longer be added. This will enhance the valuation of ITKH going forward as the lower the OS, the greater its valuation since the OS is the key denominator used for deriving an EPS. The confirmation PR is below:
iTeknik Holding Corporation Reduces Outstanding Debt and Terminates Rights to Convert Notes into 255 million Common Shares
www.otcmarkets.com/stock/ITKH/news/iTeknik-Holding-Corporation-Reduces-Outstanding-Debt-and-Terminates-Rights-to-Convert-Notes-into-255-million-Common-Shares?id=150539&b=y
The ITKH new website of its wholly owned subsidiary, Big Rhino Corporation, is below. After going through the website, I think you will see that it truly has the clientele as PR-ed to annually place up to $40 million in traditional media, $4.5 Million in Annual Revenues, and over $1 Million in Net Income. Their clientele includes dealerships from Hyundai, Kia, Chrysler, Honda, and Chevrolet also includes White Plum, the Children’s Center for Neurodevelopmental Studies, Catalyst Pain Solutions, Metro Hearing, and Mr. Nelson’s Cookies:
