Astrotech Corp. (ASTC)

[bfuzzy]

Well...here's another hunch, Pickens is very interested in selling, and has gone back and forth with a potential buyer, ( in all likelihood Smiths)--and the number so far isn't great.

You're probably not familiar with IMSC but it was a company with a very similar product line with annual sales of 50 million dollars, it was bought for 100 million and change out of a bankruptcy proceeding.

Now you can say, and many do that 1st Detect is the cornerstone of this and that, but remember minus a few development contracts over the past 10 years this company and this product have produced zero sales thats 0, a goose egg, nada, zipoo

The fair valuation right now would be solely based on the patent portfolio as it sits, probably 10-15 million, if they got someone else involved in the horse race maybe it gets pushed to 25 ----an out of this world number would be 50.

I imagine Smiths is willing to play a game of chicken to see if it can be scooped up in bankruptcy for pennies and Pickens of course will do his best to get others interested, (hence the announcement)....should be interesting I'm betting it goes for 15-20 million or 75-80 cents/share

Oh and by the way whatever it sells for you better get the hell out at whatever the price is...remember Pickens isn't selling the "company" he's just selling a subsidiary, so the money won't be going to the shareholders it will be going to him and his boonedoogle clan.....