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twice stated claim of reaching 450 in total..While an improvement from the months early in the year, I'm beginning to question IF THEY WILL reach that number. It is always better to under promise and over deliver than visa versa..Roy, maybe with six million shares, that you personally own, you can ask that of the CEO with a call ? 🤔
450 towers by years end would be valued at about $120,000,000 by their numbers. This is possibly a value inclusive of projected rental income over ten years. The tower value would then be about $56,000,000. Since the rental negotiations are locked in for 10 years, the $275,000 value per tower is reasonable. That is a projected corporate value of assets of approximately $1.14 per share. Assuming debt of $15,000,000, that leaves a per share value of $1.00 at year end…. If we 1/2 that, the stock value should be at least $0.50 by year end. I hope people realize this and stop selling for 4-5 cents. I must admit that I’m making some big assumptions without definite complete facts.
GlobeNewswire
4:02 PM ET
TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) ("Tower One" or the "Company") announces that it has completed to repay in full the remaining outstanding indebtedness of C$235,040 under certain secured convertible debentures, dated June 12, 2018 and November 28, 2018, in the aggregate amount of C$1,500,000 (the "Debentures"), which were held by KW Capital Partners Ltd. and Plazacorp Investments Limited. With this repayment, the Company has fully repaid all amounts advanced under the Debentures and is authorized to discharge all security interests registered thereunder.
To repay the outstanding amounts of the convertible debentures paid to Plaza, the Company used proceeds from a short-term unsecured raise of US$ 160,000 and funds from operating activities .
Santiago Rossi, CFO of Tower One, commented: "We are grateful to Plazacorp and KW Capital Partners for their support and confidence in our Company. Their financial backing came very early in the development of our business plan and we are pleased to have fulfilled our repayment commitments and delivered what we believe was an attractive return to our financial partners. As cash flow from operating activities continues to improve during the current year, we expect this will provide additional liquidity for the repayment of other corporate debt. We anticipate improvements in our balance sheet as construction activity begins to increase in Colombia and Mexico when economies begin to reopen. Heading into the first quarter of 2021, we expect to capitalize on this increased activity in our efforts t o improve shareholder value."
7 towers and 2 co locations added.
Totals now: 179 towers and 212 tenants.