Well that was swift.
As you stated Von, a share price of 2c still only gives us a market cap of $8.6 million with $3.65 million in the bank
That would be an EV of <$5 million, with stocks as you mentioned like SCU that were effectively shells, running up to valuations of $300 million and over on the back of a $6,000 a month appointment of that schoenmakers bloke who was supposedly a guru in the marijuana space.
I think an EV of around $7-$8 million is about right prior to acquisition, although the volume and weight of money being thrown around this week certainly tells us it's imminent.
A share price of 2-2.5 IMO is where we are headed pre acquisition.
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0.2¢ |
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Mkt cap ! $1.223M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $741 | 370.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 22507930 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 34153701 | 12 |
View Market Depth
No. | Vol. | Price($) |
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33 | 22507930 | 0.002 |
33 | 66259090 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 34153701 | 12 |
0.004 | 3808653 | 10 |
0.005 | 2245204 | 7 |
0.006 | 3920018 | 8 |
0.007 | 6232269 | 3 |
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