GREY:SBIYF - Post Discussion
Post by
RE38 on Feb 07, 2012 12:49pm
SBS vs BU vs BXI
BXI market cap @ 20.5 cents - $46.8M
BU market cap @ $6.42 - $192.5M
SBS market cap @ 11 cents - $5.7M
Just looking at those numbers shows SBS has a long way to go before it's "fairly valued". Even counting all the warrants that could get exercised we are still well below fair market cap here. Plus those warrants come with cash inflow to get the plant started....oh wait that's right...Tasly will cover those plant expenses while SBS takes 30% of the revenue for doingthe work. Warrant money is just free cash to use to expand operations outside of the Tasly agreement and take on the North American market.
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