Sale "rubicons"
- 78 cents, some mgt. have options due there
- 1.09 PLAT. converts there
-1.18 Plat converts there
- 1.4X more mgt. options there.
This is all good news in that the buyer knows where the markers are if the sale price is THAT meager. Plat. must be made happy or nothing.
As 54% owner, Plat is being coddled and they have the "gun".
Sure Plat's selling slowed as the price dropped, but they still sold shares and that selling begot other selling which still made a nice liquid event for short covering. Not a lot of that but some...all led to here.
The markers and goal posts are now firmly set. All had to happen to allow the next step. We are in/well in/almost done with that next step, IMO. They want this done by May15th.And Plat. is well in the know as to exactly where it is.
So is the IP worth 50M or 500M? That is the value driver right now to the right EDS maker. If they worked their tukus off in the R/D lab, then it could have been powerfully demo'd and that would push the value far North. IMO.
I like 450M EV...is my guess.
