Good point. Knowing a little about the current corporate loan enviroment most lending institutions, even the risk taking ones, are not doing anything more than 20-30% loan vs. Tangible liquid assests. Seeing a 15mil loan out there recently aquired it is like saying Company is worth at a min 2.5X that. Assuming a 400Million (overly pessimistic perspective) outstanding shares including restricted,gives us: 400MillionX Share price @ .04( again higher than it currently is by 47%) you arrive at a 16 Million dollar market cap. Having secured a loan for 15million and assuming a minimum equity multiplier (liquid) for lending institutions is 2x you can assume a balance sheet of 30Million. 16million market Cap ( With PPS given @.04) / Assumed Balance Sheet of Liquid Assets of 30mil = PPS undervalued by 53%. And remember this is simple math not calculating in PPS X by a factor of 2,3,4 or higher for expected P/E Ratios. Remember a vast majority of big board securities operate at a PPS many many times the accepted expected EPS(even if its estimated, if the business model is sufficient). Its all a gamble in the pinks and 90% of my money is on the Big Boards but i'll sit on 250k here @.0205. Good luck to all.
SGT Jones
All remarks given in my opinion. Take Care.
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