Feb. 3 at 10:37 PM
$QCLS For the value investors that might accidentally still be here: Before the December pop, QCLS had a cash position of
$7.2 million. After the December pop, and considering exercised warrants, they should have more: They had more than 2 million warrants at
$5 and another million at
$3.37. Best-case scenario: they have another 13.37 million dollars in cash, so just cash, they might have about
$20 million. After you add the dilution caused by a max exercise of the above warrants, you get about 10m shares outstanding, which means the company is trading at less than 2x its cash position. I am using data from http://dilutiontracker.com.
Also, the company has an exclusive Lightsolver license for crypto applications, a board member from OpenAI, and Martin Shkreli as an advisor.
But you know - red always stays red, complacency always wins, and complaining is best when things are sold at a discount.
