I agree ROX will be acquired. Our insiders haven't aspired in their dreams to run this business.
Let's hope the buy out will be for at least a few dollars more than where we've languished, and even spiked to.
That said, the Vector Group runs a profitable cigarette company. Liquor would be right up their alley and they already have the inside track.
If ROX can ever start dropping nickels and dimes to the quarterly bottom line, I expect a competition will heat up for who wants our little puppy.
If the article referencing $5.5 million being invested by KAD reveals ROX is actually buying Stephen Thompson out, or if ROX is only buying a significantly larger share of KAD, this will be a thrilling milestone in ROX's history.
The number actually makes some sense. The last 5% valuation was $125,000.
Using that valuation, the remaining 75% = $1,875,000
Double it and Mr Thompson makes a nice golden retirement buyout fee on his $250,000 original investment.
That leaves nearly $2 million for an additional still, at least one more warehouse, and land acquisition if necessary.
Of course Mr Thompson might have decided to expand in a big way since bourbon remains a very strong product in America. His Brown-Forman background might lead him to believe he can grow a big company once again.
Even so, with ROX owning 25% of KAD, ROX is involved one way or another if the complete article accurately reflects the title headline regarding a $5.5 million dollar investment.
One way or another, by either no additional mention of this elsewhere, meaning K's or Q's, or confirmation therein, this is probably all a fantasy in my head, or not.
