Thursday, October 07, 2010 8:49:26 PM
I think the 1Euro is a conservative estimate of Graffiti market value based on the sales and proven track record that the market would be able to evaluate.
The 10% would be a negotiated amount for spinning off Graffiti for the IPO. This keeps the parent company partly linked with the success of the spun-off company which makes sense if you're in the business of making money. This could also lead to a buyout of SDVI by Graffiti if Graffiti's success skyrockets, and it can afford to dissolve the excess baggage that SDVI would become at that point. IMO and based on the CCs.
Best to all.
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