Here's some math to chew on......sorry, as an astronomer I tend to view things from a mathematical prospective.
Take PAX (Paxson Communications...family shows), with an O/S of 68 million and a recent price of $2.83/share. Also losing about 3.14/share.
If you adjust the pps of $2.83 at an O/S of 68 million to an O/S of 9.5 billion....... you get,,,,, 9.5 billion divided by 68 million is a factor of 139. Now divide the pps of 2.83 by that factor and you get .02/pps. If you adjust the loss of 3.14/share to 9.5 billion that would be .0225 loss/share.
Let's put that in straight english: QBID should be worth .02 pps if we can manage to lose $213 million dollars the first year after a launch. I'm going to bet we can have a lower loss......and therefore a higher pps. And since no one knows at the start....the amount of anticipation will determine the amount over .02.
Arn't these pennies fun? All in MHO Neal