Replies to post #72163 on NEWBIES BOARD

[iQT]

I was reading the $EXAD filings, and the stock should be 20 times the current market cap after the transactions close based on a 20x PE ratio. That'll still take some time. The Incite transaction needs to complete the Wells Fargo DD process, their internal underwriting, and probably 101 other steps.

Having said that, the manager has already paid $265,000 cash towards the Incite acquisition, and will pay another $35,000 cash pre-closing, so he must be pretty confident Incite is a done deal.