TED- exactly, which makes guessing the EV worthless. That was my point too--but do NOT doubt that myself, along with many others have run the scenarios till the cows come home. Certainly DM has!!!!!
On this one, it will stay dark until out of the blue ( and likely close to 6-30) the sun will pop up and we will have a $/SP that DM will smile over and it will be above $1.20 and below $4.50/sh.
A few days back i asked ISC to post up some qualified info as to valuation...I assume they ignore everything shareholders would like to see happen...but they did clear up the mess about the converts and their levels...which to me says, the "talks" are back on track. But so is the game of "chicken"-- be happy that Doc Jones is riding shot-gun on this as he will round up all the data points that drive full valuation.
And we have to thank Smith's for putting another driver into play by their tie-up with 1St Detect...that tells every EDS maker this; GET YOUR ETD OFFERINGS UP TO LEAD POSITION OR FACE DECAYING SALES AND SECOND CHOICE POSITION ON ALL FUTURE TENDERS.
Its on TED, like Donkey Kong.
