Once they start fully reporting, this price will be a distant memory. Not to mention, the top-line base forecast is for a 2000% increase in revenues, with the potential for much more.
The valuation of the acquisition is a bit overstated. First of all, they valued the debt and financing at .01 per share when they did that deal. That was 200mm shares for 300k in debt and 1.5mm in financing.
The shares issued to Hannover are restricted, while the shares for debt are not. It will be interesting to see how much overhang this may cause. It makes sense that the financiers know the intrinsic value of the shares, and are willing to hold for a proper valuation. Why else would they be willing to fund the company; they clearly recognize the upside.
All in all, a good start, I believe this should head to the .20 area by the uplisting maybe by the second quarter. A very nice opportunity. I am going to add more on Monday.
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