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Monday, May 16, 2016 11:01:39 PM
So I only cut off a bit.....and I thought....
Maybe not the best idea becuase that really hasn't been paying to well; thinking that is; but it also hasn't killed me either...
Just trying to be rational....
And after the thinking I have theory that holds merit to wait.....this equity can't even attract vulchers!
Now it's on the map.
IMO, nsph goes to competitor and says I will provide you (lumenex) with an offer you can't refuse. The worse case of the deal is we (nsph) screw ourselves over this outlandish gamble. Lmnx says, your right that deal is way to good...it's a long shot but we carry no risk...they take the offer.
Now, if any competitor thoughts nsph was going to come by even cheaper or default has to finally play. It's now or never.
I fully expect multiple and higher offers.
Nsph basically said come by us; you won't; ok we'll sell out to call your bluff....now what are you going to do?
The idea that the tech was stand alone $30m against a DIP loan, they were doing ~ 40% yoy growth with forecast to be profitable in Q2 2017 (with rev forecasted at $45m for 2017) just doesn't add up to a $48m for everything with tax write offs up the ying yang (because they were declaring all the preferred as losses as it was below current pps---this could have been used to offset gains for years to come)....the $48m for everything occurs because Lmnx will gain an additional $14m cash via exercise of warrants. They essentially get nsph for ~$50m free and clear including clear of all debt! That's a joke in itself.....
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