RE:prospectus comments Patriot One Technologies needs an investment or acquisition. Better for shareholders on Acquisition versus Investment Dilution. Acquisition brings acquiring company's resources beyond just $$$. Dilution leave company to their own tried & true operations and devices.
What We Know...
Market Cap: $70.1M ($0.465 x 150m)
Q2-4 Remaining Cash. $6.5m
Total Annual Burn. ($14.5m)
(+17 jobs ($1.7m) & $12.8m annual burn)
FY 2022 Operating Gap. $4.4m. (Q1 done, remaining burn rate $3.6m/quarter)
DILUTION NEEDED
Dilution $ Needed: $25.0m (min 2 year runway)
Dilution Share Price $0.25 / per
Dilution Shares. 100,000,000
NEW MARKET CAP POST DILUTION
Total Shares Out Post Dilution: 250m
Market Cap Valuation: $75m
KNOWN 2021 PATSCAN SALES
Sales $113k PATSCAN revenue
- Stadium 8 units & Casino 8 units
FY 2021 Total Units Sold: 16 units
Cost Per Unit: $7000. ($113k / 16)
Est. 50% Margin: $3500
BREAKDOWN ON $4.4M GAP W/ SALES
FY 2022 Operating GAP: $4.4m
FY 2022 Units Installed : 1260 units ($4.4m / $3500)
FY 2022 Sales/Installs Per Month. 105 units
7 New sales jobs: Posted in past 30 days (Oct 1)
Ramp Up On Sales: 6 months
2021 SALES:
- P. Evans started November 2021 (Q2)
- New Sales Strategy Dec. 2021/Jan. 2022
- 16 Patscan Sales Q4 FY2021 (May - July 2021)
DILUTION OR ACQUISITION???!
My bet is still ACQUISITION.... better for all shareholders.