Post by
Relaxing on Feb 06, 2022 9:50pm
Gensource article in the Moose Jaw Today paper
I saw the article about Gensource in the Moose Jaw Today paper and contacted the writer Ron Walter at the Moose Jaw paper and pointed out his calculation error (s).
Using Gensource share of cashflow $90 million , a 10 time multiplier and 420 million shares outstanding gives a stock value of $2.14/sh not a $2.14 cent/sh valuation .
So instead of being an investment with limited upside, GSP has tremendous upside.
Mr. Walter got back to me with a big OOPs. and said he will write a correction to the article.
(in actuality once the $105 million money raise is complete I suspect there will be roughly 700,000 shares outstanding giving a share valuation of approx. $1.28/sh)
With the potential to have numerous plants, I expect the GSP stock price to be worth dollars.
Must say I got a chuckle out of hearing the rumours of what people posted as to what they thought caused the GSP stock volume and price to jump on Friday. What you saw Friday was greedy people like myself accumulating more shares.
Cheers!
Comment by
justus727 on Feb 07, 2022 12:35am
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