I'm not, I'm valuing it on what Toxic Cheapies Ted is likely to offer. $10M seems a reasonably likely offer from Ted. Sure, maybe $90M too. But Ted said he's got cash ready. He have $90M cash all ready? Do you think he does? Really, you think Teddy Boy's got $90M cash ready to go?
Plus, value of assets does not mean Ted will offer an equivalent value. Ha! Helios is soooooo beat-up and in the garbage, bidders show up because..... a deal is to be had. A deal. A deal means highly discounted. Highly discount is easily 10% of value. Easily!
Ted would offer 5% if it's all neatly pre-arranged.
So...
You think Teddy Boy's got $90M cash ready to go?
-- (just as a start to the 'conversation' of valuation of assets).
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