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Sunday, August 26, 2018 11:14:05 PM
But the readjustment to cash of almost $1m is significant in my worse case scenario.
It went from a rounded down $5.2m to a rounded up $4.3.
The Bombay asset valuation is beyond me; I can only use logic from experience and assume red tape costs 10-25%. If it were under 10% pps would be significantly higher and of above it would make the asset useless. I see great value in the asset, but assume it to be difficult to find the right buyer(fit) if they wanted to sell.
The brazil subsidiary is a pretty straight forward valuation subject to currency.
The former GE hire and his team appear to have a good grasp of what their doing. His experience also hints he would be more than capable of scaling the operations. I think the brazil energy market is having a massive boom. It should continue beyond the foreseeable future.
Just look at the overall recovery, entrance of new firms, all at the turn of all time weakness in BRL.
The conference call?
I think date is chosen as last day to terminate.
Should have a final # on cash in hand.
Maybe expand on jch interpretation of his rights.
The company options going forward.
I’m assuming no ceo until they’ve tested waters a bit longer on finding a buyer or continuing operations.
Maybe board will run company pro bono for time being?
What catches me:
I am certain jch is obligated to extract as much as he can for his investment. His lawsuit in itself does not lead me to believe there are “hard feelings”. But I don’t know what his interpretation is; I am under assumption he wants to force complete liquidation.
I am also a strong proponent of management. I think dauber previous record attests to that, the overall team he was surrounded by attest to that. His inclusion of employee compensation on his way out; the way they controlled share structure....everything.
What are you thinking?
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