Not really... it’s actually based on current revenues, and the 21m that they supposedly acquired.
Revenues for the year were roughly 13 million. Add a 3x multiplier you are at 39 million. Divided by the 178 million shares outstanding you get .21 cents. At least my calculations are based on real numbers!
If you prefer the bullshit numbers that people post here like .75 or $3 then good for you. I have a river in Egypt to sell you!
Take the damn blinders off.
Revenues for the year were roughly 13 million. Add a 3x multiplier you are at 39 million. Divided by the 178 million shares outstanding you get .21 cents. At least my calculations are based on real numbers!
If you prefer the bullshit numbers that people post here like .75 or $3 then good for you. I have a river in Egypt to sell you!
Take the damn blinders off.
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