Responding to content of post 27738....
Sulax: "Expectations aren't facts"
Oakie1: That's true but what I said is that the representations made by CRGS management regarding sales were in fact made. That's the fact. And they were included in SEC filings.
Sulax: "If they [sic, here you're speaking to expectations not equaling facts] were 15 years ago we would have actually received a letter of intent from Chery."
Oakie1: I think it's unreasonable to compare the uncertainty of a Chinese development deal that never happened 15 years ago with Kaplan's ability to reasonably predict the first sale of the company's existing flagship product, namely Cura myCadian, that's on its roadshow as we speak. Odds are Kaplan's projection is likely to occur IMO.
Sulax: "There is a big difference in valuing a private company and a public company. I don't need a judge to tell me that."
Oakie1: In corporation cases an appraisal is frequently done for public companies too, and often the last market price is supplanted by an alternative value. This frequently occurs in deal price determination. Also, generally, you can't assume a market price is the indisputable "real" value; otherwise why would analysts and portfolio managers judge stocks as over- or undervalued in the marketplace on a daily basis?
