I would like very much to see a buyout of $7.00 per share.
Lets be realistic about the purchaser economics. At $7.00 x 293 million shares you get an approximate price of of 2 billion. Now, let be generous and say the buyer makes about 20% profit on their current income. That calculates to a net income of 10 billion dollars to break even on their investment, but does not include the present value of money.
We presently have no income stream for them to consider, but lets say we could get multiple Nunchi contracts and see substantial growth in that market, how much is anyones guess. But we would have to have some kind of track record of income from Nunchi and see signs of market increase for anyone even to consider a buyout proposal. We would need to show evidence that they could generate a minimum of 10 billion over a 5 year timeframe just to equal their investment. Even at $1.00 it would require approximately 1.5 billion net income or 300 million per year to equal their investment.
These numbers are staggering considering we have noidea how much Nunchi may generate if it is highly successful.
I'm all for speculating, but in doing so, one has to consider the buyer and the economics, they have an obligation to their shareholders tomake sound decisions in matters of this kind.
