Post by
Plaindisclousre on Feb 17, 2021 11:47am
Under $6.00 it appears to be really cheap
VRNO = $25.00/sh
SOL owns ~25.2mm VRNO shares = $630 million
SOL has 58 million shares (FD) = $10.86 NAV/sh of VRNO (no other assets)
Less $1.00/sh of debt to MMCap = $9.86/sh
SOL sold its Bluma shares ~ USD$23 million, apply that to pay SOL Mgmt bonues (that can be expected).
Big leverage if VRNO trades up. Say VRNO at $32 per some of the analyst targets. That gerenates NAV of $13.90 per SOL share less $1.00 for the debt.
Comment by
papajohn18 on Feb 17, 2021 11:59am
Thats right. Verano shares alone with everything else besides debt valued at zero has SOL at just shy of $10 valuation now. Its unbelievably cheap. Does not make much sense at all. Trading at .14 cents earlier this year did not make any sense either! Very complicated company
Comment by
SecondLast on Feb 17, 2021 5:26pm
Dont we still have 33% of Bluma through various instuments even after the sale for US23? Gotta give us another 70MN