Jerrick Media Holdings (OTCQB: JMDA), a holding company that gives technology products the resources and opportunities to make ideas a reality, was recently covered by Zacks Small-Cap Research. Zacks provided a final estimated valuation for the company of $13 per share by 2021, calculated using a combination of valuation metrics (http://ibn.fm/eoIHo). An article discussing the company reads, “Looking at Jerrick’s balance sheet, Zacks noted that the company ended the third quarter with $167,000 in cash reserves, $7.3 million in debt and a negative $8.1 million in working capital. ‘However, with the current capital raise, this will change drastically,’ stated the report, which noted that Jerrick had filed an S-1 outlining the company’s plan for a $6–7 million capital raise and plans for uplisting to the Nasdaq Capital Market. ‘After the deal, primary shares outstanding should be closer to 12 million. Even without this raise, the balance sheet is much stronger than it appears.’”
To view the full article, visit http://ibn.fm/Ntepj
Jerrick is a holding company that develops technology-based solutions. Its flagship product — Vocal — is a long-form, digital publishing platform focused on supporting content creators by providing them with publishing tools and monetization features that are embedded within digital communities. Vocal is architected to enable targeted marketing of branded content and e-commerce opportunities embedded within long-form content. Vocal’s community sites are managed by a dedicated team, whose primary focus is on creating safe communities and identifying monetization opportunities within those communities. For more information, visit the company’s website at https://Jerrick.media.
NOTE TO INVESTORS: The latest news and updates relating to JMDA are available in the company’s newsroom at http://ibn.fm/JMDA
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