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Highwaybiker

01/15/14 11:00 AM

#4233 RE: WikiLeax #4230

I'm out. Games with shares outstanding. Gsames with market cap. The company siad " Following the reverse stock split, the company expects to have approximately 6.5 million shares of common stock outstanding." 30 million or 6.5 million? the market cap is about 5 times higher than I expected. The stock in my opinion was about twice as high as it should have been if only 6.5 million were outstanding before the sell off. Some quick math and I come up with a stock price of about a buck and a half as reasonable. Market cap 45 million is a fair value with room to go higher. 6 bucks a share gives 180 million market cap. 180 million for a pipe part and maybe they will do some other stuff in a market and expect to buy it's way into that market using what?
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Highwaybiker

01/15/14 11:00 AM

#4234 RE: WikiLeax #4230

I'm out. Games with shares outstanding. Gsames with market cap. The company siad " Following the reverse stock split, the company expects to have approximately 6.5 million shares of common stock outstanding." 30 million or 6.5 million? the market cap is about 5 times higher than I expected. The stock in my opinion was about twice as high as it should have been if only 6.5 million were outstanding before the sell off. Some quick math and I come up with a stock price of about a buck and a half as reasonable. Market cap 45 million is a fair value with room to go higher. 6 bucks a share gives 180 million market cap. 180 million for a pipe part and maybe they will do some other stuff in a market and expect to buy it's way into that market using what?