OTCQB:GMSQF - Post by User
Comment by
foundalphaon Apr 05, 2022 11:11am
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Post# 34576695
RE:--------OVER 1 BILLION SHARES OUTSTANDING R they............
RE:--------OVER 1 BILLION SHARES OUTSTANDING R they............goldman17 wrote: 'NUTS'-imho
I think you did your math incorrectly. As of March 14, 2022 (date of the short form base shelf prospectus), GSQ had 244,381,900 shares outstanding. Their prospectus allows for raising up to $35 million of shares+warrants at the market price. If they did a one+one deal at $0.15/share/warrant they'd still be under half a billion o/s.
Your point isn't lost however... lots of shares outstanding. But it doesn't really matter if you look at the enterprise value of the pie. No matter how you slice the pie (lots or few shares o/s) you still have the whole pie. For what it's worth, I think the enterprise value of this pie should be significantly higher. Great management, great sector, great corporate operational framework already in place, deep-pocketed and recognizable major shareholders. The stock has traded like a dog for the better part of 6 or 9 months. Hopefully it turns around. Tough to be patient but I suspect very much worth it.