Thursday, November 17, 2011 10:29:40 AM
"Last week Google acquired the only competitor iGlue had, a company called Apture. Acquisition price was not disclosed but we can guess, say at least 10x of investment received. Apture got $4.6 million or so. I am guessing about 50 million for the purchase price.
Assuming 151 million current shares outstanding at Hardwired, per the 8K filed for the acquisition, with the current 2.5 cents the company is worth about 3.8 million. That's less than 1/10 of my guessed Apture purchase price. Apture had no semantic language processing as iglue does. They had no 120 million entity semantic database as iglue does.
So how much is iglue worth. By my reckoning at least as much as Apture did if not a heck of a lot more.
Also, imagine these guys developing iglue in Hungary. And they had the wherewithal to take the company public to boot. Whatever they progress they make from here on can be immediately reflected in the share price, which, my opinion only, is hugely undervalued.
Just my two cents worth.
Apture acquisition news here:"
(link post is my as I could not copy link from Yahoo)
http://techcrunch.com/2011/11/10/google-buys-contextual-rich-news-browsing-startup-apture-to-beef-up-chrome/
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