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Sunday, May 10, 2009 9:39:11 PM
If I owned a company, public or not, and was offered a specific amount of money for it that was less than the proper value of the company, who are you to tell me I should sell. I have no idea how much the offer was worth, but if the OS share at the time was 1.7 billion, and the offer was 170 million for the company, considering my projected revenues for this year will almost equal that... I would be stupid to sell.
I would have been extremely happy with my .10 per share, but I have no idea what the true value of the company is. Could be higher, could be lower, but if we are going to trust Jared to make the right decision for the company then he needs to be allowed to do so.
I don't tell anyone to buy, sell, or hold, but what I will say is, we have no busisness to tell the CEO if he don't accept the next offer we need to stage a mutiny, and go to Ft. Wayne. If you trust him with your money right now, then you need to trust that he will make the right decision on the valuation of the company, and only accept an amount that will reflect the true value of the company.
Put yourself in Jared's shoes, if you owned a company that could make 150 million in revenues this year alone, and was on the verge of exponential growth in the coming years. Would you sell the company for just above one years revenues because other people wanted thier money, or would you continue to grow the company, and produce a greater return for yourself and others in the future.
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