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westjtter

07/24/24 4:40 PM

#346111 RE: djohn #346110

Yikes!!! I hope you are wrong! Remember that there are still institutions with a higher share price cost still holding, along with a lot of new players holding stock right in this cost range......yes I agree that Nick would probably take the money and run, but I am hoping that there is enough resistance to push us closer to $15 for a buyout....assuming this were to happen in the short term. Because of our excess capacity(which if filled would be very profitable) I just do not believe that they will be able to take us out for a 20% premium.....I think $15 would be the minimum number!

If we hang in there for another year, I think we have a shot at $20 for a buyout....18 months out and with a bit revenue/contract luck, we may get closer to $25.

I can live with $15, but would certainly rather hang on for $20 plus, because I kind of think we may be turning the corner here and the next 6 quarters could finally begin to fill in some of that excess capacity gap.