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Re: JRT post# 8889

Wednesday, 01/25/2017 8:27:16 PM

Wednesday, January 25, 2017 8:27:16 PM

Post# of 15240
according to this biography, roche is involved with over 40 private ventures:

http://www.cachethotelgroup.com/en/corporate/Chairman

we know he was paid $308M in 2009 by docomo, for their 51% stake in roche's 'oak lawn marketing', and roche still retains his 49% stake according to his bio linked above.

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/06/AR2009040600889.html

we also know roche recently sold all his ATV shares to his wife:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125136846

i'm estimating the transaction netted him $100M, so roche is loaded up with RVUE stock, he's got plenty of cash.

now what?

well, as i stated around mid-august:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124631053

roche could give DCM some RVUE shares, and then ask for their agreement in a spin-off of his 49% of OLM into the RVUE vehicle.

that's an asset roche already owns imo, so if roche simply moved it into the shell, let's do some quick math. RVUE's OS is 285,277,634 shares.

roche owned 149,009,609 of them prior to the bridge loan, and according to his most recent filing that’s not yet converted.

https://www.sec.gov/Archives/edgar/data/1424731/000107878217000083/f13da9011717_sc13dz.htm

DCM paid $308M for 51% of OLM in 2009. that was at the bottom of a market crash, but let's be conservative and say OLM never grew. is $307M a fair price right now, for 49%? we'll plug that in:

roche owns 226.65M shares of RVUE, if we assume he adds all 77.28M shares of the bridge loan, that makes the new OS (285.28M + 77.28M) 362.56M shares. on assets of $307M he's got .85/share, which for him is $257.35M.

keep in mind this back-of-napkin pps above has no pe ratio. shouldn't we grant a growing tech company at least a 15 multiple? okay, let's do that:

$12.70 a share RVUE.

plus we'll have roche give RVUE a bunch of advertising contracts for the private companies he controls AND he can use RVUE for ATV's advertising, too. let’s give all that a value of ZERO, just to be conservative.

then we'll assume roche uses some of his $100M from the sale of ATV stock to start buying RVUE's competition in #DOOH. we'll give that a value of ZERO also.

$12.70/share is a $4.6 billion market cap... with room to grow.

go, RVUE.

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