You're kidding right? When you read revenue are taking that to mean annual subscriber revenue? You need to think of it in terms of sales proceeds from the sale of the business which is what the document is addressing. Now so you can take another crack at it I will restate what I said before. Gennerally speaking when wireless companies are bought they go for between $1,900 to somewhere around $2,600 depending on the market. Assuming that they have 1,075,000 subscribers at the time of sale Suncom will go for between $2,042,500,000 and $2,795,000,000. After the debt for equity swap Suncom will have roughly one billion dollars of LT debt. Assuming the current assets only cover the current liabilities the share holders will net 1.042 to 1.795 billion. Therefore it seems that we are fairly valued at the low end of buyout ranges. I can't believe you took sales to mean annual revenue. This is not an executive compensation plan we are talking about here but the sale of a company. Maybe if you had stopped and thought about it you would have realized that what you thought you had read was unreasonable. Instead you instructed me to read carefully the black and white. Way to go.
