RE:TGIF is being valued on 350 million shares outstandingGreat Valuations......But Management need to work harder...Institutions need to be involved $100M Revenue need to be generated......350M shares O/S is too many shares....and pathetic at .35c ...Just a handful of investors, maybe, in the MONEY.....
Easymoney123 wrote: Right now TGIF has 282 million shares outstanding but the market is factoring all the warrants that are to be converted which would bring the share count to 350 million. If you base TGIF off a market cap of 120 million divided by 350 million you get a share price of .35 cents which is pretty much bang on to the share price right now. It looks like the market hasn’t factored in the Debentures which could add an additional 26 million shares for a total of 376 million shares. Let’s forget about the debentures and use 350 million share outstanding fully diluted and 100 million market cap if TGIF sold 100 million at a 10x price to sales ratio would give the a share price of $3.50 which would still be great. The way TGIF is being valued makes more sense once you factor in the warrants and have an idea of the full shares outstanding. Let me know what you think of this analysis. All feed back is welcome.