Post by
luther30 on Jan 04, 2018 8:24am
Question
Can someone from the seasoned veterans helpe out. Why do you feel this is a no brainer under .20 and do your own DD. I've done my own DD now and yes it seems cheap. But can I get a recap please. I'm not an expert reading the financial statements but it looks like we're making some revenue over here but still losing money. Thanks ahead of time.
Comment by
BoJackson777 on Jan 04, 2018 10:40am
Just make sure you wrap your head around the proper share count. As per their latest Form 7 (Dec 2017) they have 72M shares outstanding. Add the 23M warrants, and the 12M in stock options they issued on Dec 12th to employees, and the fully diluted share count is just a tad over 100M
Comment by
slowrideasy on Jan 04, 2018 10:45am
What am I missing Bo? Both Stockwatch and Stockhouse are showing 34 million shares.... If what you are saying is correct, then our valuation is about right, or perhaps I may be undervaluing the valuataion a little.
Comment by
BoJackson777 on Jan 04, 2018 10:48am
I am saying the stock trades on the CSE. Look at their monthly report (Form 7) - Stockhouse and Stockwatch aren't a reference for accuracy.... https://thecse.com/en/listings/technology/data-deposit-box-inc
Comment by
slowrideasy on Jan 04, 2018 11:18am
Ok thanks....I would prefer to be accurate.