I wonder what the thought process is for not doing it. I mean, obviously complicates things, but seems like David has a lot to gain from going this route, as well as other shareholders that work for the company.
I bet more employees would jump on that stock option plan.
Assuming they make 10% profit on their $200 mil revenues, that would give this a PPS target of around $2.4 at a 13x multiple, which also could be a low valuation.
At a 25x PE ratio which is not uncommon in those sectors ViaOne operates in would put it at $4.5 and would meet Nasdaq requirements.
Wonder why they haven't seriously considered this route.