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fbg0316

04/09/18 4:03 PM

#63427 RE: Keithz #63426

It's a matter of what kind of premium a buyer is willing to pay. A $10/$500m buyout would be a 500% premium to our current valuation. I think expecting much more is not realistic. I do think we will see a buyout considering the signs we have seen also considering another dilution on terrible terms would be not be a good outcome for shareholders.
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Bourbon_on_my_cornflakes

04/09/18 4:07 PM

#63429 RE: Keithz #63426

Sell for $1-4 billion or sell for $90m.

The issue is clear, Keithz. You either sell the whole thing now for $1-4 billion, or sell it bit by bit at a $90 million valuation, like we sold 20% recently.

The smart ones want a sale now for $1-4 billion. The math challenged [noram] uberlongs want to sell the company bit by bit at a $90 million valuation, just like we lost 20% of the equity in the last offering. Warrants affects this math not a bit.