If all options, notes etc. are converted to shares, then including the most recent proposed issue of shares to the 3 companies they have just bought, there are approximately 890m shares - assuming fully diluted.
This equates to an actual current market cap @$0.26 of $231m.
If Revenues of $100m can be achieved in a Full Year (Say FY21)
A fair EV/Revenue should be about 3x. (Note, if shares issued are valued @.26c they paid between 0.6x and 3.3x revenue for Airloom and Seer respectively - including the cash component)
Therefore, on a fully diluted basis, @3x Revenue, this should be valued @ $300m.
With 890m shares:
Equates to a $0.34 share price/ 30% upside.
I will happily take a 30% upside in 1 year.
Thanks,
