RE:RE:RE:RE:Buyers?Agree - we need to see the financials. Until then we can only speculate, and I am willing to specualte that the stock is still currently a bargain relative to the companies value... let along its future potential.
This is what we know (all prices in $CDN):
Their "darling investment was the IPO of Very Good Food Company at $0.25, which trades today at $7.23 making a 29x ROI - see minute 7:25 in this interview with CEO Patrick Morris https://www.youtube.com/watch?v=ygV5MDD05XA
They bought Good Natured Products somewhere between $0.9-0.14, (it was trading in this range up until a couple of months ago) - Its now at 0.78 for a, let's say, 7x ROI https://www.newswire.ca/news-releases/eat-beyond-portfolio-company-good-natured-gains-traction-following-single-use-plastic-ban-803987808.html
Beyond those two, their other portfolio companies Eat Just recently hit a historic milestone in cultured meat, which could signal enormous potential, allowing them to become a leader in transformative change that will make Beyond Burger old news. https://www.newswire.ca/news-releases/eat-beyond-portfolio-company-eat-just-is-the-first-to-earn-national-approval-for-cultured-meat-in-singapore-838822816.html
Nabati seems to be doing well, as does Turtle Tree (both have recent encouraging news). I know less about Sing cell and Green Space, but both are generating a great deal of excitement.
So toward specualting the value of Eat Beyond Global lets make an assumption that their investment in these other five companies (which we know less about the financials of) has roughly doubled on average (a conservative estimate, I think) and that Eat Beyng Global invested, on average, one million in each company. Their holdings would now be valued at around 58 (VERY) + 7 (GDNP) + 2 (SIngcell) + 2 (Nabati) + 2 (Eat Just) + 2 (Tutle Tree) + 2 (Green Space) = $75 million. With 16 million shares out, $2 is undervaluing the stock.
So, some key thoughts:
a) $2 seems like a 'fair price' based on above assumptions.
b) this 'fair price' is actually an incredible bargain when you consider that this is a growth stock - Eat Beyond Global is positioned in a sector that is currently attracting attention for its significant potential for short and long-term market capitalization and stock price gains.
c) My $75 million estimate rests heavily on the assumption that they invested roughly one million in each of their seven portfolio companies.
d) $75 million also assumes they have not been doing a little buying and selling through the peaks and troughs. (Both VERY adn GDNP) were up an additional 30-50% a week ago.
e) the fact that this stock is not way overvalued (where as many of its comparables seem to be) and is strongly positioned for future growth, makes me very hoperfull for a continued gradual increases supported by likely sharp rises following news, and possibly a much steadier rising trajectory if we find out what is really inside our holdings.
Limitations:
1) I've tried to be conservative here, and not let my optimism fool me. But, I'd actually lean towards believing that they may have had more than a $7 million seed just based on the caliber of the leadership this company has attracted. But I have no concrete facts to back this up nor do I possess a lot of knowledge about how such Holdings work.
I am still pretty new to trading so please fogive me if I have improperly interpretted how the stock should be valued. I'm a passionate learner and would be grateful for your feedback regarding my 'key thoughts'. Id like to get this right and make smart investments. Good luck!