The Harbinger Report factors into their valuation an O/S structure of 93 million shares. With today’s O/S of 313 million shares one needs to recalculate. Calculating a similar $2.13 valuation based against the current O/S would be a 12-24 month price target of .63
The share structure is important to keep in mind when factoring a current or future share price.
Harbinger’s forward valuation is only 64 cents, based on the 3.3x increase in shares...if one ignores that the Harbinger report is pure conjecture, too.
PS. Where are the deals that were supposed to be announced by now? And why is SHMP still under 20?