RE: Kread is no where to be seen28 May 2025 13:44
Kread aka Lurker is over on ADVFN trying to introduce some reality into the conversation.
The current market value of Mast Energy is £3.2 million at 0.75p per share.
Based on a 40:1 share consolidation (426,354,067 / 40) there would be 10,658,852 shares in issue post consolidation.
Assuming the full £5,000,000 is converted then a further 125,000,000 shares will be in issue (total 135,658,852).
0.75p x 40 = 30p.
135,658,852 x 30p implies a market capitalisation of £40.7 million, madness!
If sophisticated investors are willing to pay only £5 million for 92.1% of the entire company then this implies:
• If 92.1% = £5 million, then 100% = £5.43 million
• This suggests the entire company is worth only £5.4 million
• On this basis the correct valuation is 80-85% less than the current market price.
Personally I have sold out at a nasty loss but I am grateful for the bounce !