I havent looked cash at balance but it looks like they will have to raise $500K to $1mill over the next year to keep their heads above water - someone will want a sweet deal to invest which will probably involve shares issued at less than 0.005 - probably involves another 100-300 million shares being issued equating somewhere between 600-900 million outstanding shares not including options, even if they could attract 100k subscribers and attain a profit of $1 mill on 750 mill outstanding shares equates to eps of 0.0013*
this is still just a very very rough estimate and most likely unattainable in the first year - may take two years+
still a mountain of risk for investors
DO your own research
MBI
mobi limited
I havent looked cash at balance but it looks like they will have...
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