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jfk

05/30/21 7:38 PM

#80 RE: JohnCM #79

Approx $20M cap, sales rate $10M/yr, should sell for 3-4x, maybe upside 50%+ from here? Probably not worth the risk...yet. The CEO wants to keep his little company. They had better be working on a merger, or a VC infusion. Sale of the company, the longer this drags out, means a discount to the 3-4x selling price. If this means another capital raise, dilution will be severe, and they'll still be burning through their reserves. Need critical mass, and a new business model, OR sell and move on.