On4 Communications Inc (ONCI)

[Havenstein]

According to the National Automobile Dealers Association (NADA) there are 16,708 franchised new car dealerships in the US. They sold 17.5 million new vehicles in 2016. Last Friday ON4 announced a new contract with 25 dealerships in LA and Orange County. "Each dealership will take 20 units per month at $200 a unit." 16,708 dealerships at 20 units per month is $801,984,000. Ten percent is 80 million dollars per year. Changing up the equation, if ON4's product is sold to 10 percent of the car sales then ONCI would earn 40 million dollars per year. Ten percent is a ridiculously low estimate. That's just the US.

First post
Long ONCI to buyout
Thanks to Mary, Insta, et al.
IMO