ACQUISITION MIN. TARGET: $3.25 to $3.75 / share
I'm on the boat that this company is going to sell itself. My guestimate is they would agree to a $75M+ sale. If that happens, the above is my target for this stock.
I work for a tech. digital products company that was acquired - exact same scenario here.
$75M Assumed acquisition amount
$17M Avg. revenue per quarter
17.22M Shares outstanding
$12M Total debt
Disclaimer: My posts should not be construed as investment/trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned. Please perform your own due-diligence and make your own investment decisions.