Dutch Star One is Other People's Money (OPM). The company sold stock without owning anything. With the proceeds of the stock offering minus expenses, it hopes to buy a Dutch private company and the shareholders of Dutch Star One will then own that company.
Until that happens Dutch Star One is not a compounding snowball, but a melting ice cube.
Initial Public Offering (IPO): 5,5 million shares sold for €10,30 per stock is roughly 5,5m x €10,3 = €56m and €55,4m according to the website: https://dutchstarcompanies.com/
Outsiders could not buy "special shares", they were given to insiders for their work and iniative. There are 200k of these x €10 = €2m cost.
Expenses of setting everything up, administration, etc. is estimated to be around €2m (€1,75m on the site?).
So if we take €55m invested minus €2m + €2m expenses, you get €51m value.
€51m/5,5m ordinary shares = €9,3 per share. The stock price has dipped recently from €11 to €10 per share, if it goes far under €9,- Dutch Star One could be a buy, even if it hasn't bought a company yet.
Note: I am a novice and haven't done much work on this. I could be wrong.
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