If the loan closes and given the option of both parties to force a conversion at a share price of .34, SNAPS is valuing half the company at .34 given the number of shares that would be issued. I can only see the share price making a steady move towards .30 once the loan closes.
I would say it is incorrect to say that once the transaction (loan itself) closes the market cap would be $4.29M based on over 70M shares and a share price of .06.
I'm curious to see what SNAPS has in store for the company after they become majority owners. They must have seen something in NVI to invest at such a high valuation. Let's close the deal first.
This loan is taking longer due to time it’s taking for SNAPS to divest some CRE. Novra did receive an initial $500K USD tranche this week and expect more soon.
Correct me if I'm wrong, but I arrive at 33,420,293 shares with all stock options expiring in September 2024. Can you tell me where the 2 million shares in your calculation come from? Thank you for sharing.
If the loan closes and given the option of both parties to force a conversion at a share price of .34, SNAPS is valuing half the company at .34 given the number of shares that would be issued. I can only see the share price making a steady move towards .30 once the loan closes.
I would say it is incorrect to say that once the transaction (loan itself) closes the market cap would be $4.29M based on over 70M shares and a share price of .06.
I'm curious to see what SNAPS has in store for the company after they become majority owners. They must have seen something in NVI to invest at such a high valuation. Let's close the deal first.
This loan is taking longer due to time it’s taking for SNAPS to divest some CRE. Novra did receive an initial $500K USD tranche this week and expect more soon.
Your analysis is excellent.
Correct me if I'm wrong, but I arrive at 33,420,293 shares with all stock options expiring in September 2024. Can you tell me where the 2 million shares in your calculation come from? Thank you for sharing.
You are correct. The official share count is 35,420,293 but 2M of those shares are held by a subsidiary which essentially zeros those out.
thanks