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Wednesday, May 04, 2011 10:46:17 AM
There is consolidation occuring throughout the mobile application/gaming world. A buyout is definitely a high probability.
Remember a cheap 10 million dollar purchase price equates to near .10 cents per share. Do the math from there...
25 million purchase price = .23 cents
Now, who wouldn't be satisfied with .10 or .23 cents per share???
These are probably conservative numbers. Remember they are already generating 5 million in revenues and have a book value of .045 cents. There is a premium to be paid here.
I discussed that in great detail in a prior post.
Hmmmmmmm
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