Reason #1: A Steal Of A Deal
One of the biggest reasons that investors are so excited is that the company got a steal of a deal here. In the release, NF Energy Saving said that the acquisition came at a price of about $5.64 million, plus up to 1.5 million shares.
The cash portion of the deal at this price will be recouperated quickly. With 10,000 members spending between $425 and $705 per year, at the meading spending, this generates more than five and a half million dollars per year in revenue.
Considering this, the deal is a very good one for BIMI and its investors.
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
Click below to continue reading!