Post by
FixedIncome12 on Aug 23, 2018 9:31pm
0.075 (100% + potential upside just based on COH)
$5,410,306 cash (March 31 2018)
$500,000 (lets say in salvage value from investories receivables etc.)
$3,400,000 (from SICPA SA in the coming months)
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$9,310,306
Minus...
$1,269,745 liabilities from March 31 2018)
$1,000,000 lets say to include severance for staff in Israel, working capital of the next Q and other discontinuation related costs (hopefully its less than that, but lets be conservative)
That leaves us with roughly 7M cash by Jan 2019. $7,000,000/90,750,238 S/O = 0.077 per share
Good luck finding a better opportunity on the venture right now. We are talking about cash dollars.
Management clearly mentioned that they were focused on maintaining a strong balance sheet. If they deviate from their mandate, shareholders will step in. Not to mention that this kind of money might attract sharks and a hostile takeover. My guess is that they pissed off a few people that believe in the company and nothing prevents them from taking over....CASH!
IMO this is a no brainer, the key here is to be patient like some others mentioned. At these levels its a joke. Not really that big of a risk, but its still the venture... do your own DD.
GLTA my friends