splits either way don't change your capital just perception and there are strong cases on either side... If you believe in the stock splits don't have any meaning.
Well, I personally still think it's undervalued but if you run these quick numbers, you might feel different. Post recapitalization (or R/S: which ever term you prefer) at 1 for 1000 would leave a little over 10 million shares issued. Assuming that would account for our 10 percent ownership, that would bring the total to 100 million shares. At current prices of .0002, that would equate to post recapitalization share price = to .20. This would put the new company market cap (post recapitalization) at $20 million (.20 PPS * 100 million estamated shares).
So, technically with every .0001 increase, the market cap raises $10 million dollars. This could be why we don't see sharp increases in PPS right now. But I still feel it's desparatly undervalued. Why? Because according to their website, they have current assets of $20 million. http://www.goodlifechina.com/corporate.php
This is just my view of the current situation. If you find flaws in my numbers, let me know. It's just how I worked things out. Funny thing with numbers, they could end up being different - Remember, I'm long and think these prices are cheap. I'm not selling anyting until I see the numbers reach a market cap of...500 million, min! Already picked out my mercedes!
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