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Oh sorry, I was thinking that they had been involved in that business since their inception. My bad!!
Hmmm... seems like a strange fit?? Going from a construction background to nutritional supplements? Really hope they stick with something they know..
One more thought concerning the price per share. It would also depend on their accounts recievables and how they turn. In construction related businesses and the projects they were running, I would think a 90 day turn on recievables would probably be acceptable. Also how much bad debt they write off in a year. With the company that I sold our recievables averaged a 22 day turn, which was exceptionally good. In addition we had very little bad debt, less than 2 percent of sales. I had a gal that was a bulldog in credit, and I also weekly looked at all past dues over 30 days. Would make a difference in the sale price as well.
yup, based on the supposition that they are current with their vendors. I dont know if they have debt on that company outside of inventory and equipment.. so that could factor in as well.
But definitely thinking somewhere in that range.
Just thinking about that. Bet they have allot more in heavy machinery inventory than what we did in manufacturing equipment. I know that our last line for rollforming steel cost $450,000 and that was in the mid 90's. For their diverse construction bet the machinery costs were considerably more. Overall we had about 800k in machinery. Leased our fork trucks and semi's.
Ha! Gotcha!
Not sure, included in our sale was 90,000 sq. feet of manufacturing facility and warehouse. I am sure they would have to have something comparable to house heavy equipment, trucks, etc.
Also the norm when buying out a company is to have a certified audit done, with ours the purchaser gave us roughly 70 percent cash down when the contract was signed. (Bank wire) The balance was paid after 45 days, this is the norm I would think as most companys want to study your accounts payable and make certain that they are what you say they are.
If EVDR is coming out and saying it is a done deal this is the stage I would imagine that they are in. They have recieved the down payment, contract signed and accounts payable are just waiting to be verified. I dont think they would post a sale number until this process has been completed.
Still waiting? LOL. Dont wait too long or you might miss the bus!
I am going to go out on a limb, based on their total sales, and my experience with selling a company. In 2000 I sold a manufacturing company with 15 plus million per year in annual sales. We were manufacturing metal roofing and siding for the construction industry. Now I know that this has nothing to do with EVDR, but bear with me. The company that I sold had a gross net profit of around 7 percent, included in the sale was buildings, manufacturing equipment, vehicles, inventory, and the intangible goodwill. Which I imagine is about the same things that ASCC has in their bin for sale. Our company sold to a publicly traded company for just under 7 million dollars, cash sale. Now I would say from my experience that most construction companys run about a 30 percent gross net before taxes... at least the ones I am familiar with. So if our sale was worth nearly 7 million at a 7 percent gross net, (nearly 7 times annual gross net) EVDR's company should be worth at least that much and that would only be 3 times annual gross net. Of course I know these arent the same business and we might have had more manufacturing equipment, but at the same time I am sure they would have much more equipment and similar buildings, warehouses, etc. So my guess would be roughly 7-8 million dollars, due to the fact that we would have had much more in inventory than what a construction company would have in theirs.
Haha! Thanks! I was wondering if I was dating myself by that comment. News coming tonight or a.m.? DOT approval? Fingers crossed!
Thanks, I am excited.. .finally looks like we are going to be like the Jeffersons!(Movin on up) LOL
Excuse my ignorance, how long ago was that?
Wow! Hadnt looked at this stock all day, I dont know what I am more impressed with the volume or the fact that the 25s are up!
Great! I will be out the rest of the afternoon.. am thinking we will see something any day!!
Such low expectations! Wait and see what news does to this stock, what is it trading at 30x lower than the 52 week high? Wouldnt even consider think a second about selling it that cheap.
That stinks! Why because he missed a projection? The guy makes his calls with conviction and is not afraid to take some heat if/when he is wrong. Which isnt that often!
Has there ever been a ball park on the dollar amount of the asset sale that is pending? I have heard some widely different numbers on this.
With any decent news this one will go much higher than 2's my friend. While nobody can be certain where it will go eventually, just too many unknowns at this point.. potentially it could be a mult penny runner. Of course much of this depends on the asset sale and potential merger. Allot of good things happening here. IMO
Ha! My dream life!!
I see you are in ATRN as I am, what do you think is going on there? I am thinking merger/buyout.
Holy Shnikeez! If they get anything close to that, I am moving out of my parents house. LOL!! Just joking of course!
Interesting stuff for sure! And yes, I remember that day well, incredible day, and I think we are in for one that will put that one to shame!! Am really interested in the sale of their assets and their future business.. will be able maybe to put some type of forward looking value.
Who knows how incredible of a ride this might turn out to be!!
Got your pm, am a free member so cannot pm. But I am pumped!! Can't wait for tomorrow!! You think we will hear something this week?
Agreed! Think this one has no where to go but up. Really looking forward to the pr that gives us an idea of the dollar amount of the assets sold. Followed up with one that gives us an insight into the new direction of the company. Then maybe we can put some educated guesses into play as far as the short-mid term "Pop" that we are going to see.
Thanks for your reply Rookie!
It sounds encouraging, and from your lengthy conversation with their field guy sounds like everything at least from an employee level is going well. Cant imagine him wanting to talk to you and seemingly happy with everything for 30 minutes if it wasnt. At one time I analyzed some potential buyouts for a company that I was one of the partners in. Although I wanted to always talk to the head guy, also I made it a point to talk to some of the employees to see what the morale was like. Really can tell allot more than what you might think, happy, excited employees are usually that way for a reason.
Great post! Thanks for your efforts.. Can I ask who you talked to at UNGS? Someone in investors relations? Did he know anything more then the operational side? Anything positive coming out concerning stock repurchase, etc?
Hope so! I am ready, if not will hold and add as I have more funds available. All of these pennys are a gamble, but willing to accumulate 10 mill shares and look for the homerun!
I am in with 7 mill at a higher price than what we are seeing today. Would like to cost average in at even today's selling price. In the end, I think we will all be alright.
I would think that if the merger rumor is true, we would see something before the end of the month? What are your thoughts?
Hopefully then we should be seeing news any day then! News will skyrocket this stock, now how much depends on the type of news. Could we be seeing pennys soon? That is my bet!
I do like the low volume consolidation, good sign that we have bottemed and will start to make a move north soon. News would be fantastic.. otherwise waiting on more funds to continue to accumulate.
Steelerfan yesterday said he called the company and that news would be forthcoming any day? Also that the sale of the Indian company would involve profit? Hopefully true, has anybody else called the company?
Why do you believe that Pk?
A few sellers at 0.0013, then should start moving back up. Bid moving up, standoff so far. Tuesdays, = slow day!
of course, but my point is that I certainly wouldnt short a stock like atrn, not knowing if a 8k would come out any day that would send this rocketing fast!
Is Sykes and his group shorting this? Would think that is kind of dangerous with atrn especially...realizing that with one press release could send it flying!
LOL! MM's just threw a wall up at 0.0014, so I guess we will close slightly down today.
Looks like it will close at 0.0015, for the second day in a row. Should start to get more direction to it tomorrow, news would be great!!
Somebody has been pounding the bid the last several days with huge orders. Company buying shares back? Could be since according to SEC they have to buy shares below the highest bid. Think this one is heading north very soon!
Nothing on the ask between 0.0015 and 0039? Strange...