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Replies to #735 on YayYo Inc (YAYO)
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zerohedge

02/05/22 9:58 AM

#738 RE: Penny City Sharps #735

on this last raise it was done a bit lower than expected. look at who just filed a 13d on Thursday?

reality is that LYFT and UBER have a competitive disadvantage to EVMO and the EVMO operating model is dramatically superior.

EVMO is now selling for a pittance relative to revenue of competitors and EVMO revenue is set to explode as they onboard more vehicles.

at current revenue levels the shares are worth $2USD on the low end and $3 on the high end. this is only due to the recent dilution which dramatically empowers their future revenue generation capability.

when taking the current cash into account, and the fact that EVMO doesn't need to raise any more cash - the shares are worth a minimum of $6 in the next 18 months. past 24 months time you'll have seen $200mm revenue in the rear view mirror.

that's $1B in market cap @5X revenue and in line with competitors - and it'll be a momentum stock by that time, so the market will probably overvalue EVMO by that time.

the fully diluted shares outstanding are now around d 63mm post equity raise.

on $1B valuation that's around $15.875 per share if they're valuation is equivalent vs UBER and LYFT but they'll be growing a lot faster.

there's nothing in their way for achieving these goals; and the "greening" of all transportation is nearly a government mandate. if EVMO numbers are only half what are projected, you get $7 bucks a share from here.

***1,627% return from Friday's closing price, at half of what's projected.

you're either in the deal or you're in the way.