Well Ralph sheesh you ask important questions
I honestly don't know what the CEO's plans are, if any for a buyout. One thing that makes this company very appealing for the acquirer is they can ramp up production almost instantaneously but more importantly unlimitedly. So if the acquirer company wanted rapid production to order who knows , a thousand machines? Then that company could get that kind of big order in a hurry.
I'm sure every CEO has to ask himself that question, do I want to get bought out. But quite honestly this CEO has been at the helm for I think at least 5 to 6 years since Gentle Wave's Inception . I don't know possibly a lot longer. But I don't really see him taking any less than the very VERY least a dollar fifty and that only in a real pinch ( which he definitely is not) . Primarily because once he gets back on the NYSE stock exchange or the NASDAQ. He knows he's easily* worth as much as that frankly a whole lot more. So 40 to 60 cents, no way you'll be waiting a long time. I really don't think he'd take even near that to be honest, just way too low.
He has too much time, energy and money invested. That's not to say he won't accept a buyout in his acceptable range, but for the life of me I couldn't even approximate what that might be for him right now. It's a very personal question indeed, what I will say is SONX's high of the year for 2023 was $2.83 so I think you can expect his ears start to perk up around the $3 mark if we're being serious here?
I'm not sure if you're aware but once this stock gets back on the NYSC or the NASDAQ wherever he winds up. The stock market cap is very appealing so you can expect between three and five dollars minimum bid from retail. It would get bid up quickly is my estimation and that's very conservative. A similar stock relisting topped out at $14 a share. So as you can see he's not really even seriously interested in 40 to 60 cents ever IMO, it just doesn't even pay for the coffee!
Another poster mentioned Johnson & Johnson and I for some reason got this into my head that a suitable take over candidate would be Bristol-Myers Squibb. Which it may be... emphasis on MAY**! It would have to be that caliber of company to absorb SONX enough to consummate the TAKEOVER properly if straight cash. This is not Gentle Wave's first rodeo by any means , the technology has been around for 5 years minimum. Constantly improving finessing becoming more advanced, easier to use, all that good stuff. The company actually has over 1 million treatments now and counting.
The percentages are off the charts as far as patient comfort (pain levels ultra low), efficacy, antibacterial scrubbing are way way up there for Root Canals. I forgot now but we're definitely talking clinical quality. SONX has recently taken on board 4 very sizeable affiliations with large* dental companies in the industry. So this year is going to be a growth year, there's no two ways about it. So that will have to be taken into account also.
Admittedly there may be companies sniffing around as we speak. We simply haven't heard anything on that score. Right now job one is NOT getting acquired. That's almost the last thing on this CEO's mind. He's far more interested in building up the business the regular way. He wants to be a household name in dentistry best put. Why not, there's nothing else like this even comes close. I hope this helps, let me allow other people to chime in I don't want to steal their thunder.
Welcome aboard Ralph. Anything rotten in your teeth gets cleaned out more safely, more cleanly, more efficiently than any other equipment. Say you got a root canal appointment next week , well you're going to sit in that chair for one day max instead of 3 to 4 days, the old way. That's the power of Gentle Wave. Not only Hospital clean , fast , painless , but so safe... More often your teeth's roots will be living afterwards, instead of drilled out and plugged when using this technology . A root canal in the old days was invariably a death sentence for the teeth roots. That all changes very favorably with Gentle Wave. Thanks for asking and welcome. Best of luck here👍🍀👋😁
Anyway the chips fall. There is no better substitute than YOUR OWN DD
Including mine...good luck!
