TSXV:BTRU.H - Post by User
Comment by
stockhoserayeon Jan 17, 2018 11:33am
173 Views
Post# 27376962
RE:USD100m investment
RE:USD100m investmentHere is a guess.
Present Market Cap = $23.04 Million CDN
Add $100 million US = $125 Million CDN
TOTAL = $148 Million
there are 51.78 million shares outstanding
there fore $148 / 51.78 = $2.86 share price.
The only thing that is missing from the equation is the fact that the company burns $800K per quarter and has $0 revenue. It needs cash to survive. There doesn't seem to be any explanation from the brilliant management why there is no revenue. Try and get $100 million on Dragons Den with zero in sales.