I don't mind speculating as long as everyone understands thats exactly what it is. Of course if you really stop and think about it the best approach for Barrons is to get someone to buy them out. It does not hurt that he will have a lot of influence with the board. Let do the math if Barrons can get a buy out around a dollar.
$1.7M in convertible preferred stock. It is convertible into 8.5M shares. (.80 profit x 8.5M shares = +6.5M profit) - 120M warrants at $0.20/share 120M x .80 = +96M Profit - 10M warrants at $0.35/share 10M x .65 = +6.5M Profit - 10M warrants at $0.45/share 10M x .55 = +5.5M Profit - 20M warrants at $0.65/share 20M x .35 = +7M Profit - 10M warrants at $1.00/share None
Potential profit if sells out at $1 in a few years = 121.5M
Now take into account the potential 15M shares they are buying on the open market @.30 or so for about $5M which could give them another $10M profit.
So perhaps a $7M investment could pay off around $130M if they can sell the company for only $1/share.
It makes a lot of sense to me. A 20X return in a few years.
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