Sep. 15 at 11:57 PM
$GWAV Today’s low was within striking distance of the 52-week low. The market cap then was about
$2M. At today’s closing price, the market cap would be around
$9.5M (using fully diluted share count of 3.6M). Granted, they raised
$3.75M, so you could argue for a
$6M value. Discounting the elimination of the non-performing debt, a
$6M equity value would give a stock price of
$1.67 fully-diluted. I have a feeling we’ll be trading back there soon…
