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Re: zeynoc post# 20675

Saturday, 01/24/2015 4:34:46 PM

Saturday, January 24, 2015 4:34:46 PM

Post# of 47873
Zey- you saying DMRJ has converts priced above $1.08, which is true, but blended price convert price (WHICH IS ASIDE from the .08 cent/share convert) is around $1.08.

Not sure what you were saying, but consider this: why is the pps range where it is? It the market crazy negative ? Or is the market hopeful?

If you use the old sales multiple to assess value you look at a multiple between 2 and 5 Xs yrly sales. I see that ranging between $160M and $320M in value, then you have to guess the fully converted NOT including a convert offer to BAM. ( what would they take for the $23M owed to them...DMRJ's fully blended convert rate? Or DMRJ's somewhat blended rate of $1.08?)

Buffalo has pointed to a $2+ share take out value, which I have no idea what he is using to compute that...but take a whack at it. I swear I will listen.

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