So with the upcoming financials- I Put WhiteHawks current cash position at date $500k ( US )cash + any receivables.
We know during the quarter we signed a contract worth $325k US. Which was due to run into July so I’m not 100% sure what payments this quarter we would have received. But let’s say, most of it or even $250k of it.
We then have any subsidiary company’s from that contract ( 50 of them ) which could also be using our service. ~> more revenue.
So I personally think conservatly we will be sitting on 500k + 250k + 25k ( any other small businesses that have used our service ) = $775k US.
With a current cap of $3million we sit @ a EV of $2million.
Now if interested parties do some research into the contacts our board of directors have, also taking into consideration that in the last 6 weeks the top share holder as bought 5% of the float - ALL ON MARKET - now holding ~ 13%.
I feel that we are massively undervalued here. I’m looking forward to the quarterlies to show us exactly where we stand, but I feel the bottom is in.
WHK Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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