OTCQX:HBORF - Post by User
Post by
apmgoldon Aug 16, 2018 9:00am
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Post# 28470733
Some Observations
Some ObservationsA couple thoughts:
- If as stated, the Harborside deal results in current Harborside owners owning 80% of the new combined comapny's stock and current Lineage owners owning 20% and for ease of math let's say Lineage has 100,000,000 total outstanding shares, this would result in total outstanding shares of 500,000,000 with Harborside owners owning 400,000,000.
- If as some have calculated, dilution results in 1.2 B outstanding shares current Lineage owners would have to own 240,000,000 shares to represent 20% ownership so our current share price would have to be adjusted by a factor of 2.4X which would be represnted by a current share price of .40 (.165 X 2.4 = .396) to really represent the deemed value of this deal.
And that's just the base value as we sit on the doorstep of fully operational rec sales in California and strong movement towards US legalization at the federal level and existing annual sales of $50,000,000 (primarily medicinal). Folks, I see this as an extremely positive development.