May. 12 at 4:26 PM
$AUUD Market value is currently
$2.61 million. There are only 2.06 million shares outstanding. Further dilution. Add to this the capital raised by the sale of locked-up shares, and we'd easily have 14 million shares. At these values, the market cap would be over
$15 million. The real value of this company today is incapable of generating even
$1 in revenue and is little more than zero. Their patent is perhaps worth
$500,000. Therefore, it's currently overvalued. The merger isn't being sought, but rather found to avoid bankruptcy. Let's tell the whole story.
