Why would he sell at .70? Unloading company for just over $20 million, netting him $13 Million? Although I do feel there’s something with the timing in his conversion and the issuance of the board members stock awards, I don’t feel .70 a share is a realistic sell price. Maybe a realistic offer that they’ve received but not an offer that they’ll accept. $1.50? Ehhh $2.00? Ehhh optimistic? Maybe. Do I think they could get 1x revenue for this company? Probably not...not with Drexler and his cronies running it and current financial health of the business. Do I think that another company would buy $80 to $100 million in sales for a discount at $1.5 or $2.00 a share? I do think that’s possible.
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