Does this make sense?Bevcanna issues 30,000,000 shares ( deemed value: $6,000,000 ) to acquire a company that adds virtually no earnings to the existing shares ( $218, 000 divided by 90,000,000 shares or so outstanding ). They get a limited e commerce customer base and some existing products. Now they have to run this company and integrate a beverage business, which doesn’t really seem like a great candidate for massive e-commerce sales.
Seems like a stretch. What’s the real play here?
btw Sal, save the insults and actually comment on what is presented if you want to contribute to a discussion.