RE:RE:Protect your rights: BCSC complaint link insideRight now we were bought out at 40 cents Cdn, should be 40 cents USD as there numbers do not balance (52 cents Canadian).
MO gave a value of $ 130 million Canadian or $ 1 per share, that is with ZERO sales of this heat and not burn product.
Lets do some math on valuations:
MO has 20 million clients selling 80 billion sticks per year.
If we assume no growth for them for 10 years, the 80 billion sticks become 80 billion pods.
If each pod gives you a 3 cent profit, you arrive at $ 2.4 billion per year.
Multiply that profit for 10 years and you arrive at $ 24 billion.
That is what PODA has given up in exchange for $ 55 million, which is breadcrumbs.
Ryan has to be the dumiest CEO on the planet, he spent 6 years developping this revolutionary device and then he gives it all away for peanuts.
His $ 22.5 million USD in sale will amount to say $ 30 million Cdn, 50% goes to the government so he is left with $15 million. If he buys a home of $ 2 to 3 million he is left with $ 12 million. One bad decision, one bad choice and he is broke.
Talk about dummies.
My personal opinion,