Me thinks just 19,933,000 + 8,000,000 = 27,933,000 shares available for trading.
The 41,666,667 shares issued as part of the reverse acquisition will be escrowed or retained by BP owners. The performance shares will not be issued yet.
I am not expecting any reconstruction.
I suspect the EBITDA to June 2014 is likely about $3m if not higher. Say $3m and 10x that gives a very conservative market cap of $30mill. (plus probably 2 mill net cash)
Total listed shares including acquisition shares is 69,599,667 shares.
Gives me 32,000,000/69,599,667=46 cents/shares at 10X EBITDA Shares will be very tightly held. Available shares for trading - very limited.
BP is growing very fast in a fast growing huge industry. BP is a realistic multi-bagger. My humble opinion.
SPA Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
