Does this look right? $2,350,672 TOTAL Revenues for All of 2020? and now we have a valuation of over $90 mil, with $81,000 in bank and NO receivables,
Do these financials look like they are for a $90mil company? Can someone help me here? Why
Was the game to get price up to convert the Debt into shares? That would be a good plan as they need to get rid of the convertible Debt. Maybe that is why the Outstanding Shares have risen so much recently. Some have said that amount of dilution is not that bad? For a company with one or three people that looks bad, also add in that they only did over $2.3mil in internet sales.
Does adding a new line of boats to sell on commission make a company worth $90mil or even $50mil?
Can someone tell me if they own any assets? Even with the liabilities at $1.7mil?
I must be missing something or would someone really merge with them as someone tried to piece together a social media post?
Just trying to DD and need some help here
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