Replies to post #165519 on Good Vibrations Shoes Inc (GVSI)

[Yolo]

It quite literally says the LLC was already valued at $30M based on funds it already raised. Do you know how to read? Not only that, the news release says that GVSI would only have 35% equity in it. 35% of a 30M company is $10.5M.

I share your overall skepticism, but I think there is confusion here... When new companies are acquiring financing, they engage in multiple rounds of investing. An initial valuation had the company at $30M, meaning a 35% stake would have cost $10.5M. But the current valuation is (allegedly) higher, thus justifying the $15M.

The LLC is not currently valued at $30M.

However, your concerns are valid as this basically is tying GVSI value to the $15M stake, with no information about how that will be funded. Assuming GVSI had cash in hand already, that would be $0.0070 share price. But since it has nothing, I am mystified how this is going to work.