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Re: frogdreaming post# 18171

Friday, 10/15/2004 1:01:02 PM

Friday, October 15, 2004 1:01:02 PM

Post# of 82595
Frog...man you're really trying.


300 mill out of 1.5 bill = 20% dutchess ownership of dnap if they hold all shares and outstanding is/remains at 1.5 bill.

Biofrontera market value has been set to approx. $50mill based on the $25mill dnap is paying. Doesn't matter how/when they pay. I believe you've said the pps is only worth what someone is willing to pay. Well, dnap is paying $25mill for a little over 50% ownership. Thus the free market forces have clearly defined Bio's market value.

So...dnap market value approx. $10mill (rounding down). Bio M.value = $50mill.

Thus, dnap's new market value = $10M + 25M (50% of Bio) = $35M.

Dutchess @ 20% = $7M
80% bal of dnap shareholders = $28M.


But, everything revolves around the pps and how many shares Dutchess ends up with. And LJC for that matter. And to think Dutchess is ponying up $35M....and people don't believe they've seen something we haven't.....


As quick as I threw this together, I'm sure i've twisted something and look forward to everyone's review/input.