TSXV:RYU.H - Post by User
Post by
Duediliguyedilion Feb 09, 2020 11:47am
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Post# 30664081
Sounds great
Sounds great Buy low sounds like you have information non of us has. I hope all you are saying is true , after the funding there will be over 1 billion shares out not including the stock and options to the consultant and other options or warrants out. Looks like after reverse there will be 100 million out , let's assume 1 for 10 at .03 will be 30 cents which will be the cost of the PP shares. The market valuation of the PP investment therefore will be approx 30 million post money. So the investors will have the company at 30 million valuation with let's say 7 million in the bank. The company is burning a lot and has to be restructured probably less stores more investment in online. If the consultant is Joe Mimram as rumors say I would say to but Joe with 7 mill in cash to work with at a 30 mill valuation is a very very good bet. The big issue is buying him with the baggage. That is the risk I see if in fact it is Joe. This is speculation .