5.57 million shares of Class A common .95 million shares of Class B common 1.06 million in the money employee options 1.07 million Class A warrants 2.10 million Class B warrants .14 million other warrants at $6.00
The total is 10.9 million shares after all the options and warrants have been exercised. Given my estimate of $300 million for LPI is ballpark, the cash generated from the options and warrants really offsets some of the debt of LPHL in my mind. I don't think the cash materially affects the analysis... after the $10 million investment in LPI to get the % of LPHL's ownership up to 67 there will be about $20 million additional cash in LPHL, which would put them in a cash position roughly equivalent to their long term debt. So:
67% of 300 million is 200 million in round numbers. Add a discounted value of 20 million for the South African components, as this is not the reason anyone is in the stock. LPHL is worth 220 in this estimate, or, again in round numbers, $20 a share based on roughly 11 million outstanding.
Without a major piece of news like the rumored one, this is about as high as I'm willing to hold the majority of my shares. What do you think?
Hey you cannot have so many days of run ups without some dropping. There has not been any news on the company since the investment. Please note that the current price of the stock is still very undervalued when compared to the "value" of Leisureplanet after its valuation by the new investors. This stock should go much higher very soon.
What will kick start it again is some real news, not the rumor mill.
P.S. We all know it is coming, just hang in tight. or take some profits, which will let me buy more at a lower price