You got it wrong mister. Companies are valued by the balance sheet, while incorporating the income statement, as well as the most recent cash-flow statements for the preceding 3 years. anyone who pays above what the financial statements show is considered to have paid for goodwill. $1,900 per subscriber is exclusively imputed goodwill. Rarely do underwriters impute goodwill when the debt equity ratio is above 1:1. This company has waaaay too much debt for any acquiring company to consider paying anything near what you are stating.
P.S. There is a good reason why the stock dropped from $7 to $0.60 three months ago. Just another indirect reason as to why your analysis is incorrect. Also, reducing the share structure with the high debt this company is carrying will be detrimental to the PPS. Watch how it will be shorted after the Reverse Split.9/10 times this stock will be back at 0.50 range after the split. I'd rather wait and watch from the sidelines. Maybe I'll get back in after the split but at 0.50 range IMO.
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