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.
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.