Friday, May 08, 2009 2:20:46 PM
I am guessing if it is Dow they just want the commerical side.
So I figure it is valued at about 1/3 of this yrs business.
35-50M for commerical end for yr end sales - the 100M is for retail business.
So 5 times the 35-50M for commerical is around 200M.
So if it is a 1/3 of the business then 1/3 of the shares could represent the business. 1/3 of 1.7B shares is little over 600M shares. This is probably the float left after Allie & company has been buying up the shares. (who knows about the 300 M in escrow)
So 200M offer from Dow divided by 600M shares equals .33 cents.
So Dow would around 12M shares of Dow @ 17 to buy this portion.
So 12M shares of Dow divided by 600M EESO float is 50 shares of EESO for 1 share of Dow.
The question if we will get anything for the retail end when Allie and company do their thing. This is the question I cannot figure out. We might get a few shares for every 50 we have for the retail side. This is the only way I see we get close to .50 a share in the buyout. If we get anything for the retail side it might be a while - they might let EESO trade with reduced shares. We might just hold 10% of the float. This might then be converted into a new company that Allie runs. This might be a NASD shell they roll the rest of the EESO shares into. This is just how I see it playing out.
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