As do I. I'm quite confident that Eddie is going to take this thing to triple digits. If I wasn't, I would have sold my shares to buy a couple of units of the oven lease fund.
I did a spreadsheet, which I don't know how to insert in here, I guess I could do it as a screenshot if I knew how to do that as well - just something I whipped up real quick, that takes into account the annual return for 3 years, any potential profit from exercise of the warrants, etc, and lines it up with what you would have if you took the same investment and bought stock with it at today's PPS. It's kind of interesting.
I originally did it in .05 increments, although I might go back and do it in .01...like right now. (brb) :)
Ok, so bottom line is that somewhere between .66 and .67 PPS when oven lease fund is converted it becomes more profitable to buy shares now and hold. However, that does not take into consideration the fact that at full production, the complete 30% is paid to the fund by the middle of the second month, and will be paid to members/owners of the fund units in the first quartely check. So, taking that 30% check and rolling it back in SMKY stock (or other investments) 3 times would of course result in substantially more profits from the same initial investment in the oven lease fund, pushing the equilibrium point much higher than .67
Anyway, this was all just kind of a fun little exercise to see where exactly the numbers cross in terms of stock at today's price vs. investing in the oven lease fund. My point is simply that I wouldn't be holding all of my stock for the long haul if I didn't think this was going past .67 ... and by that, I mean substantially into triple digits.
Just curious if anybody else did the math and got the same result?
And if someone that knows how to post screenshots can give me a super quick tutorial, I could post the spreadsheet as a picture for anyone interested...
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