HokieHead
4 hours ago
If Delex can get to say $50m in 2024 revenues and trades at 10x sales you have a $500 million company. If BNCM shareholders are getting either 16% or 25% of the company, which I am trying to verify, you have BNCM shares being worth either $125 million (25%) or about $78 million (16%).
Using the current OS of about 500m shares, that puts the BNCM shares at either $0.25 or $0.16 a share.
Looking at only the float, that is all that will probably trade post merger as the rest will be restricted, that puts the BNCM shares at either ~$12 or ~$7 lol.
There is no way this should under $0.15 for starters right now.