Replies to post #70057 on GRN Holding Corp (GRNF)

[Admtiger]

Thanks I needed a good laugh this afternoon.

[Inorout]

When GRNF has $0 in assets, $0 in revenues and $0 in cash, valuing the company today with a $70 million valuation isn’t very bright imo. That’s not to say that someday in the future GRNF could be worth $70 million or more. But when the company has $0 capital today, the only way GRNF could do a deal is by issuing and selling tens of millions more common shares, a capital raise that is very dilutive to current common shareholders. The company could also use debt financing, but the bottom line is GRNF doesn’t have any money, hard cash, to do deals.

No money isn’t good.

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