Post by lookingforatenbagger on May 1, 2024 18:21:12 GMT
If WGS remains in the same galactic quadrant as its current rarefied realm, we should expect to read about Kate making a withdrawal from her ATM fairly soon.
Maybe I should start a poll with, ahem, wagers on when WGS will overtake OPK in market cap. The lovely Kate has been at the helm for the duration of this recent rise-from-the-ashes 20+ bagger. As I type, WGS enjoys 65% of Opko's market cap, which is bound to the only human example of a financial singularity......Phil Frost.
WGS, ahead of itself? Yeah probably, but if she continues steering the ship toward profitability, how long will it be before the public market value of WGS exceeds what Monty Hall got for us when he put on a headdress and sold Manhattan to Katherine just two short years ago.
Running this crazy experiment, we get the following outputs:
WGS magically adds another 10+ points by the end of this week, gets to $33 or so and reaches $865 million in market cap.
Opko, the new money market fund, trades in its patent-applied-for 2 penny range, chronicled in gory detail as percentages and documented through arcane calculations of the number of up days and down days, by our resident LOL expert. So it remains at ~$860 million market cap.
Opko's then realized value for WGS would be:
$150 million pre-tax cash
~$104 million in (not yet tradable) WGS stock.
Now, the cash is gonzo. Long since inserted into Phil's Cash Incinerator, with some allocated toward a ten year supply of Twinkies for Logal, plus two annual payments to Beelzebub from Dr Faustus for the sale of said soul.
So we gots $104 million of stock for our 100% share of a company worth $860 million.
Great job Phil!
It would have been much better if Luzetvox's imaginary alternate buyer had paid Opko $1B is real cash up front, but all they could manage was the imaginary cash.