Upside PotentialIf you are investing $5 Million then you are expecting a return of atleast 2 to 3 times that amount.
Plus Before $5 Million financing. Fully diluted shares stood at 97 Million. So lets do some basic math here.
97 Million Fully Diluted
5 Million via $1.00 Financing
5 Million via $1.10 Warrant financing 107 Million Total Share outstanding New investor with total 10 Million shares = 9.3% of the company. This means perhaps 1 or 2 seats in board representation.
Now lets assume that the share price in the near future is $1.10 cents. This would give market cap of $118 Million.
Now I want you to imagine this, recentoly the Federal Government in Canada announced $2 Billion to be given to province to successfully open schools. Funds to be used flexibly at the discretion of the provinces/schools. Now, take a leap of imagination and suppose out of this $2 Billion, some percentage of the funds is used by the provinces invest Gate Keeper like products in all their schools, buses and classrooms.
https://www.cbc.ca/news/politics/trudeau-schools-safe-covid19-1.5700424
Ok that is the Canada part of the concept.
Now lets take another leap of the imagination and assume that the same thing happens in the USA.
Now we are talking hundreds of millions of dollars going into Gate keeper like technology in Schools, buses, hospitals, malls.
So yes, I think whoever is investing $5 Million + another $5.5 Million via warrants is not thinking small at all. They obviously have done more detailed thinking and have come to the conclusion that for the years o come Gate Keeper will become a staple in all major intituitions and possibly earming multi million dollar contracts. A leap of imagination pegging the company at over a billion one day is not out of the realm of possibility in my opinion.