Replies to post #41536 on Savvy Trades and Investments

[nelson1234]

STLY....I wish they threw in the towell, but sounds like they are givin it another go.

Anyway, in the end, it seems they get $11.5 cash, a $4.5 note, about $1.5 in cash they get to keep off their current balance sheet, and 5% of the new company, and they keep their large NOL's. Less the $2.5 in charges they mention. So lets say the note is worth $4 mil, then they get $14.5 million plus the 5% of the new company and the NOL's.

Not a fantastic deal, imo.

[nelson1234]

STLY....I wish they threw in the towell, but sounds like they are givin it another go.

Anyway, in the end, it seems they get $11.5 cash, a $4.5 note, about $1.5 in cash they get to keep off their current balance sheet, and 5% of the new company, and they keep their large NOL's. Less the $2.5 in charges they mention. So lets say the note is worth $4 mil, then they get net today $14.5 million plus the 5% of the new company and the NOL's.

Not a fantastic deal, imo.