rexrex wrote: Just did some rough numbers and was thinking why share price does not make sense...
Supreme market capitalization is puny at $90 Million only...They have great assets..
440,000 SQFT. FACILITY IN KINCARDINE, ON. - Current packaging 24,000 containers per day
- Current cultivation 33,580 KG annually
- Expected cultivation 50,000 KG annually
12,000 Blissco Facility in Langley BC - Oil Bottling Capacity - 7 Million per annum
Q1 places shareholders equity at $188 Million...but Lets look at core Assets and Liabilities:
- Property Plant and Equipment:$201 Million
- Long Term DEbt $55 Million and Convertible debentures $18 Million
- Net : $128Million
Now they have cash on hand, lets say $20 million, so $128 Million plus $20 million - $148million, round that up to $150 million...
Divide $150,000,000 by share float of 628,000,000 =
$0.238 cents...book value share on core assets only.
If you were to divide straight book value equity of $188 Million by 628,000,000 =
$0.299 cents So i am thinking that there is a possibility that someone just might offer to buy supreme between the range of $0.25cents to $0.30cents...now remember this is just book value and does not include future value...
Trading level of $0.175 cents is a big discount and is at this level possibly for a takout...just my opinion,,,,and speculation here...
Seems Supreme is cheap...companies normally trade for 6 to 10 times their book value...which would put Supreme at $1.00 level...again no one wants to pay premium so a takeout at $0.25 cents to $0.30 cents is a very real possibility in my opinion...