GREY:SLHGF - Post by User
Post by
Equity4on Mar 10, 2021 12:11pm
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Post# 32763165
New financing and share lockup over...
New financing and share lockup over...Looking for thoughts, but SHG has only $7.0M cash O/H after all announced acquisitions are complete and the promise of $200M run rate by the end of 2021. The current run rate of $56M need around $150M more, and the cost of that revenue at 4.5x's EBITDA will likely be around the $100M mark in cash and shares. If we say the cash /share deal is 50/50 we need to raise another $50-$60M cash. Based on todays SP, this means 75-80-m shares plus fees.
As well, on March 31 26,250,000 shares come out of voluntary lockup from the Sept.2020 financing @ $.15. This will definitely affect the SP short term at that time.
Love the model, but I'm in a holding pattern for now.