Without sounding like a proponent of Apple buying QMC, I would like to comment on a couple of points:
- The float is about 75% of the outstanding shares. The company needed shareholders last year to approve raising the potential number of shares to 400MM. In other words, >50% is currently out there and available. (I don't know if they can award the reserve 200MM to themselves as a way to fight off a takeover, though.)
- PP shares are only restricted for a short period, X months. Many of those can now be sold.
- While there are many (on here) who have an emotional attachment to the success of QMC and the nobility of the QMC team, everyone has a price. If some entity offered $0.50/share this afternoon, how many shares could they buy? How about $1.00/share?
I don't know exactly what my price is but it would be tough to walk away from a guaranteed a 7-8X return on my money over a 3-year period. Certainly, it would be almost impossible to turn down a 14-16X return for at least half of it. ;)
