No matter how you slice it, a max of 7M shares and 152K sqft at $200 per sqft annually = $4.34 at just one times sales and $26.05 based on P/E at a 15X multiple. I like our chances here.
They sold 400K shares from the S-1 and pocketed $340,000. For every 400K shares, at that same rate, that's 28K of additional grow space or $5.6M in revenue.
That's a 16X return for company and shareholders. Nice...
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