30 billion shares? Surely a typo. Over 15 times what it is currently? Come on don't make up ludicrous numbers out of thin air then calculate a market cap based on that absurd number.
To achieve 30 billion SOI, SAS would need to do over 50 CR's if each involved issuing around 500 million shares. Even if future (hypothetical at this stage) CR's involved issuing more shares per CR they would still need an astronomical amount of CR's to achieve 30 billion SOI.
Now I predict a CR in the new year likely but they can't kick the can forever. Either they make it and secure their funding to launch the Pearls or the dream is over. No chance they kick the can all the way to 30 billion SOI.
I would expect a less unrealistic figure from someone who posts almost exclusively on SAS threads.
SAS Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
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