For those who believe the NSS:
I am going to assume that the RME shares have been bought back and that the remaining common O/S is 10 million shares (I know you will say impossible, but that is what I believe so play along).
09 Earnings of $11 million divided by 10 million O/S = $1.10 per share, based on previous years earnings.
Times multiplier of 15 = $16.50 per share
Times 100 from R/S = $1,650 per share valuation post split
If my goal is to get $5 per share based on pre split numbers, then post split, I will ask $500 for each of my shares. Sounds like a lot, but I would be selling for much less than true valuation.
Somewhere along the line, someone is going to have to buy my shares because with air shares, I can't go to nasdaq. And the Company does not want to take any air shares with them, they want to go into nasdaq clean. So, no matter what happens, I should be able to demand my price, and so should everyone else.
For what it's worth, I say there is no way in hell that the Company will go through with the R/S. You can change the numbers based on the OS you think will show on the 10K.
The Company is holding the 10K back for a reason, and my guess is that they don't want the shorts to know how low their O/S now is. They are waiting for the right time.
