Thursday, October 08, 2009 8:30:10 PM
"the total cost of this acquisition is about $15 million in stock and cash. What we are buying is an asset that is worth about $80-$100 million"
I wonder why SEVM (the holding company of STS) would accept an offer ($15 million dollars worth of shares in a company with no assets and zero revenue) considering their apparent valuation of almost $100 million.
It looks like people on the SEVM board claim that the 2 companies shared the same CEO at the time.. Does anyone know if that's accurate? Also, the earliest posts on this board are for a company called Dynamic Media (DYMH), does anyone know (off-hand) when the name changed occured?
Thanks so much for all your help ;)
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