235 divided by 65 is generously 4 times ( 4 X 65 = 260 ) So if 65 companies makes the share price .31 then the answer would be 4 X .31 = $1.24 .
I am counting on more reveue from each signing than the 2 million you are using.
You could calculate saying for every 6 million in cash that the company has the share price is .31. So 12 million in cash means .62 and 24 million in cash equals $1.24 and 240 million means $11.24.
And don't forget the momentum factor that can drive a price.
And reduction in the number of shares.
So many variables!!! First I'm looking forward to breaking the $2.00 high of a few years ago. Then I'll be ready to look higher. GLTAL