StockGuru Blog: Tootie Pie – Solid Capitalization and Attractive Multiples
Tootie Pie Company, Inc. (OTCBB: TOOT) Solid Capitalization and Attractive Multiples Tootie Pie Company was capitalized with approximately $1.3 million in private equity and brought public via the filing of an SB-2 registration with the US Securities Exchange Commission, without relying on reverse mergers - the Company has only one class of common stock held by all shareholders (including management). With a current float of approximately four million shares and utilizing a cash valuation calculation, TOOT could be very attractive, from an acquisition standpoint. The current price target of $3.37 reflects their expanding sales. Cash Flow Maximization Built Into Business…