Replies to post #3086 on Delex Healthcare Group Inc (DELX)

[Humbert]

Merger discussions have been ongoing for a long time, so Delex actually initiated the audit in preparation. As for Hatadi, many of his shares will be retired, and there are massive restrictions on them anyway.

Also, Hatadi is a team player, ultimately. He won't be able to cross Delex, for various reasons. The goal is NASDAQ and nothing less.

[HokieHead]

Email them and ask them where they are in all the processes, I have, it's pretty simple. Or maybe we are talking about 2 different things, for one you don't need the merger to be done to change a tickers name and symbol, I see it happen all the time. Things are moving in the background, email and ask them yourself.

All the math I am coming up with, which I will show later today, the PPS for BNCM should not be anywhere below $0.16 for starters, on the low end.

[HokieHead]

Here is my quick analysis



This shows Delex with $25m and $50m in revenues and assigns both a 5 and 10x PS ratio.

With the current OS the PPS should range from a low of $0.04 to a high of $0.16, the float which I increased to 30m is even more valuable, especially if that's all that is trading post merger as the rest will be restricted.

I also added scenarios where the OS post merger is 250m, 500m and 1 billion. My PPS targets there are anywhere from $0.13 to $2.

If indeed a majority of the current restricted OS are retired and we have an OS post merger in the 250m range, well you can see where the PPS would be.

My conclusion, as we will see, $0.02 is way too cheap for this ticker.