Dec. 23 at 4:40 PM
$ASRT The plus about the reverse split is it will highlight the absurd valuation of this stock. It will be approx
$10/share after reverse split. It will have
$14.4/share in cash (
$95M divided by 6.6M shares----though you have to minus off
$6/share debt that is due in 1 3/4 years, so
$8.4M in true cash/share). It will be doing around
$17/share in revenue per year and generating around
$2.50/share in cashflow. It won't be hidden in the "penny stock" range anymore either so, hopefully, larger investors will notice the valuation.