Replies to post #47291 on Nexus Energy Services Inc (IBGR)

[Roofus]

If they're at $16 million revenue

At 5x revenue (for market cap valuation), then their market cap is worth potentially $80 million right now.

$80 million market cap
-------
142 million outstanding shares

= $0.56 per share (after merger closes)

[PeanutButterJellyTime]

oooh, potential legal action for payment and merchandise delivery issues. Sounds like a company that at this point offers nothing. They must be desperate for cash, curious how Minsky is planning on compensating them for this pump.