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Thursday, May 19, 2005 10:02:27 AM
I have never thought to ask before. Now I will.
Why go private necessarily? If you can get valued like other companies publicly, public value sells potentially at a higher pe. If Veltex could theoretically make $1.38 and convince a public it is worth at some point a pe of 20 then price is $27.60.
Worst case scenario is Matin has 1 million shares, but realistically at that point I say minimum 1.5 million shares.
If Veltex could hit big in public arena as described, he is worth $40 million. So why would it be to financial advantage to be a private company?
sam
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