CCME - So your point is ...?
"The Lins are effectively selling a position in a growing company at 3.8x forward eps for what??"
You calculation, while valid, is purely from the perspective of an retail investor than a successful entrepreneur. Lins helped create company form almost nothing, and their return in CCME is already in the order of 100x if not more. Since they are out of daily management from CCME, they will need some new hobbies. Their new hobby could be a sport team and a yacht, where return on investment does not even come to the calculation. Or they may be inching for a new start, as hinted by Fernando. The new investment would have the potential of reaping 10x or 100x returns, but more importantly, they get the bragging rights to other fellow successful entrepreneurs.