May. 16 at 10:53 PM
$GDC Outstanding share count vs NAV (net assets = BTC + Cash raised via the ATM
So for "example" if the OS has ballooned from 60M to 250M shares and the company has a reported
$BTC holdings valued at
$600M plus cash of
$300M raised via ATM, then u have an OS of 250 million shares with nav of
$900 million dollars (7,500
$BTC.X + cash)
$900M / 250m shs =
$3.60/sh
And if they didn't raise the full
$300 million dollars and only raised
$100 million dollars then..
$700M /250m shares =
$2.80/sh
So on so forth ( plug in your estimated amount of cash raised)
The obvious missing piece of the puzzle is how many shares has the company dumped into the open market and at WHAT PRICE, so that we can perform an accurate PPS assessment based upon a more accurate outstanding share count. I'm just using 250 million shares as an example. It could be much higher than that.
Regardless, the stock price should not be trading at 13 or 14 cents. That is simply absurd
