questions
# 1 Why do you think "we are getting closer to the point where $20MM buys 50% of the whole company, not just the JV in China"
Answer to Q1: Simple math! QMC MarCap = $39.16MM. 50% = $19.58MM, which is less than $20MM.
We already know GTG invested $20M for QMA,Ltd. which was around 1/2 of mkt cap.
Your statement, "we are getting closer to the point where $20MM buys 50% of the whole company" implies that QMC would
consider or take such action or that sp will fall so low that it'll be possible to do.
What are you basing your opinion on wrt: "we are closer to the point where $20MM buys 50% of the whole company" when action taken by QMC seems to refute that?
The action QMC took was 1/2 of a portion in a given area; not 1/2 of the whole, so that seems to remove the consideration aspect by QMC.
We know the mkt would react to buying pressure upwards of 1/2 of all shares, so the $20M for 1/2 of the company also seems skewed.
# 2 Do you think the GTG people were incompetent in vetting QMC?
Answer to Q2: Haven't thought about it. Why ask me?
Your statement "we are" implies that QMC may consider that option, ($20M for 1/2 whole company) or that sp will drift low enough that 1/2 ownership of QMC could be accomplished for $20M.
If either of the above were incorporated in your opinion, then it also implies incompetence on the part of GTG, (as a much better opportunity would be left on the table).
# 3 Have you come across new information which leads you to believe this?
Answer to Q3: What does "this will be true?" refer to?
Should your opinion, "we are closer to the point where $20MM buys 50% of the whole company" be based on fact; then mayhap you were basing your opinion on new information, (not based on action taken by QMC, their guidance or the nature of mkt supply/demand).
AI
