Unsure what he meant by that comment, I suppose if you look at the 1/50 reverse maybe he means it needs to go up 50x to break even? (50 x .15 = $7.50) Unsure that is a guess.
Once we see the numbers from Kenactiv that will dictate the PPS. And I THINK we will all be happy with what comes out of it.
agreed, V6. the market (whoever it is who can trade during the share restructure...) seems to value the Kenactiv+OPHI entity at ~$60m market cap, without seeing the Kenactiv fins.
personally, i need a $146m market cap to break even ($2.63 share price). per PR, we should see the fins by April 5th, 2013 (71 days from Jan 24). hopefully sooner, but it could take a while for a private company to get their books in proper order for SEC filing.
The Company will file the financial statements of the newly acquired business of Kenactiv by amendment to this Report within 71 calendar days [from January 24, 2013].
possible upsides:
-- if Kenactiv is profitable on the output of their 160k sq ft factory, we just inherited earnings per share.
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