$39 MillionAnyone know where this valuation even came from. I really can not find anything indicating this value other then DM saying it want they think.
Am I missing something?
"Following completion of the Transaction, the Company has an aggregate of 138,284,581 Common Shares issued and outstanding."
with that many shares of GBLC and the current $0.12 share price, the market is valuing them at $16.5 million which makes DMs stake worth $4.8 million. That is a far cry from the $11.5 million number that was being thrown around.
Is there an press release or other source showing the oepole actually were buying shares at a $39million valuation?