I'd like to think 10-15 cents, although considering what we have, I think we're worth a lot more. But practically speaking, if I were KT and having done my DD on BIEL and seeing such great potential, a potential buyout would be on my mind BEFORE any agreement is signed, and...
1. As part of the OEM agreement if I'm KT, I would want a "Right of First Refusal" (ROFR) concerning a buyout offer. That eliminates any other company/competition coming in with competing buyout offers that would spur a price war. BIEL would sensibly have a time limit for KT to decide on that ROFR.
2. Being KT, I'd have done a thorough DD from soup to nuts on BIEL as any company should. I'd get a good sense as to where sales might be headed as soon as possible (think Dr. Oz).
3. I'd take advantage of the sub penny price as a floor for a buyout if possible. I'd try to get a very good sense of the potential impact of the Olympics on the bottom line (which could be massive) and make my buyout offer before the Olympics start if sales have been robust in the interim, and before sales (and the share price) go parabolic.
4. If I were BIEL, I'd have to weigh the benefit of a buyout offer relative to the amount of shares I own, any side agreements, royalties, consultant role offered by KT as those can sweeten things considerably, even though I know I could get a better price down the road. But I see that KW has been clear about wanting to sell and in the not too distant future. KT could make a sweet sweet offer that extends beyond the share price buyout offer and possibly of great interest to her.
5. Where does that leave Recovery Rx and HealFast? I'm not sure.
Just my opinion.
