RE:RE:RE:RE:YouTube Interview The multiple is on the cash flow. Just adjust the share count for the dilution and don't forget to add the interest back to the cash flow.
As for the "pumping" accusation. Presumably any of us long the stock, think it's cheap and appreciate Eden for shining a light on the story. I'm not sure why you want to besmirch the man's character for repeating what the CEO said on YouTube a month earlier.
mjh9413 wrote: Few of points to add.
Doubt if one can apply a 10x multiple to this company.
Presume the 50c+ options (3,8MM) have probably expired
The Conv Deb holders are the ongoing winners when it comes to an stakeholders benefitting..They have been in from about 2008 on and the current 23c conv price was down from original 65c and 90c (and int rates increased) because a credit facility with TD needed the deb holders consent to amend their collateral rights. I believe some deb holders also got additional 23c warrants at the time. It is one of the features I don;t like about their financials for despite the debs being long-dated they really are dilutive and a cash burden. I have not found any reference to the original deals on SEDAR and all the company docs refer simply to holders being 'shareholders of the company' no names.
As I said, mine is a bet based on what they define as possible revs from QAPs. As to the guy on BNN, well he would pump the stock:I see the firm has probably about $1MM invested.