JT- EV's are very rough to perform on this company because we have been BLACKED out for over a year. However, we do know the 4 alternatives being explored and we do know that a large Hedge Fund intends to capture a huge return and that mgt. wants the $1.40 options made good.
I am with Zeynoc on the $1.50 min. /sh distribution. Further, Bolduc saw a $500M EV at 116M fully diluted, far in advance knowing the world wide gov. certs. are the gold standard in secure detection...meaning, if you want one, produce a product and a 30M$ check and if your unit really works to spec, and if you have the money, well, about 100 things can still go wrong and keep you from getting one.
Nobody has more than ISC for all screening categories. NOBODY. Not the big cap multinationals, not the scrounging small caps-- NO BODY!
Revenue evaluation even at $50M/yr does not work, NOL is hard to apply fairly as it depends on the buyer's actions, current business prospects/contracts are tops in the world but its the IP where the gold shines through.
