that wasn't the point I was trying to make re: your mechanics.
a valuation is a valuation.
as corporates, they each had a share count, so public or not, there was a multiple calculated. with some digging, it might be discerned.
it is being too simple, and rather ridiculous (imo) to think that at this point, a per-share premium for PTK only in the tens-of-percent would be acceptable.
witness that we can easily achieve and sustain that on our own, in one day, just on spec. and demand.
widen the aim to a month, and we have supported hundreds-of-percent (in the dollars range, where it's harder to do).
so, it leads one to ask, where's the premium? (and at what motivation?)
I can be reasonable, but I don't have an appetite to get shafted with low-ball amounts.
consider a real-estate angle. getting the extra $50k on a deal for your house means something to you. comparatively, your real-estate agent has zero motivation to care about getting you the extra $50,000, since the differential to the profit in his/her pocket from commission is peanuts.
like I said, if your personal exit is $10, that's OK. absolutely nothing wrong with that. everyone has to make their own decisions, along their own time horizon.
but to aim that low for the endgame circumstance is -- for me -- just weak.
cheers,
R.
