Yes! If this company had the following it might be worth $0.15/share;
1. New CEO
2. Legitimate Board
3. Competent Management (CFO, COO, Vice President of Sales, etc)
4. Reverse Split the stock 100 to 1 and do a equity (retail only) raise of $3M at $0.15 - post split - to payoff the TCA debt, and STOP taking anymore Convertible (Death Spiral) Notes!
5. Generated $5M to $7M in annual revenues and breaking even on an EBITDA basis!
Only under those circumstances would You'd have a viable company with "only" 27 Million Shares total issued and outstanding (6.5M post split and an additional dilution of 20M in order to raise the $3M). That's how you get to $0.15/share
- SMH