Gotta love reality when it is brought by another shareholder - I could not have expressed this better myself - what follows is a conversation between two shareholders - one with a sense of proportion, the other with less and quite hopeful. Of course being hopeful is a good thing, but with equities must be tempered by reality.
This is about EDIG being bought out:
The first shareholder's remarks:
"What are all of you smoking with this talk about a Sandisk buyout?
You have to look a the Sandisk financials before venturing into the land of the dreams.
They have a current market cap of approx 9.5 billion, and equity of approx 7 billion. Revenues over the last three years average 4.7 billion and net income averages 901 million. Outstanding shares of approx 240 million.
At a 4:1 split you are talking about another 73 million shares or a value of 2.9 billion. Over the last 5 years the net income total was 908 million. I doubt any company would offer more than a dollar or two. Of course if Nunchi was on going and contributing hundreds of millions of dollars, then we nay have a different story, but not based on estimates of what might happen over the next 5 years.
I'll bet on a settlement in the range of 5-20 million, and if more I'll be ecstatic."
The 2nd shareholder's response -
"Many people for years said we'd never sue SNDK either...guess what?
Many said NUNCHI patents were a carrot and was not real, did not exist, and guess what?
More to follow?
Guess what?"
The first shareholder's reply to this response:
"And edigital management told us we could expect about 800million from the DMV lawsuits and guess what. You can have all the suits you want and nunchi patents, but until we see great rewards, they are dreams yet to happen. I would like nothing better than to see multi million dollar settlement and nunchi contracts, but to speculate that Sandisk will buy us for billions is a little far..."
See this represents the split, IMO between shareholders holding this stock, many have hopes that are not based in numbers or reality, others, (if allowed), tend to temper those shareholders with facts.
The fact is no amount of PR's with out performance of some type, will get the PPS to a high and stable level. PR's and hype are a flash in the pan, with no performance, (winning lawsuits in a big way and licensing a product), the PPS may rise a bit more then crash...IMO
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