I don't think people realize what little it is going to take to get a rise in the share price...
Currently there are 2.137 billion shares outstanding (since last filings).
1 billion of those shares were purchased and are being held by Victory Partners, which means we will likely never see those hit the market.
$2 million on the books gets a share price of .001 (where we are now). The Indy Car assets are well over this amount.
$20 million gets a share price of .01. The company has spent at least $5 million on filings, attorneys, ticker changes, travel, advertising, sponsorships, and various other company promotions.
$200 million gets a share price of .10.
All this is based on if there are still 2.137 billion shares out there. If this thing had that many shares out there, it wouldn't of gotten out of trips, IMO. It's trading on a few hundred dollars
at a time. The walls on the ask always move when there is a significant purchase.
We all know the rumors of the company buying back shares. Well, it is not far fetched at all. If they reduce the O/S by half, we can easily double the share prices. Such as:
$2 million on the books would put the price at .002.
$20 million @ .02.
$200 million @ .20.
I'd say it's very easy to obtain these prices if the share buy back is true, and I would assume this company has assets and money on hand well over $100 million. The distillery alone must be worth several million, plus the Indy cars, etc. etc.
Yea, it's no Diageo, but guess what... Cuervo has nothing on Tequila D.
Oh, and the O/S is technically reduced by half since Victory would never sell a billion shares into the market. It would destroy their investment in Emperial. So if the company further bought up the float to say, 800 million, prices go even higher.
(posted by Seccotech)
$TEMN
