Spinning off SecureViewNet would seem to make the most sense as far as the current business plan and to keep the lenders satisfied, so we'll see. And giving a divy from that spin-off, if it were to happen, would seem not only appropriate, but again as he has said he wants to increase share holder value. That's a good possiblity.
As far as how many shares the current owners of SecureViewNet are out and in the hands of all the owners, I would have to think that Clayton has a good idea or even better one now since he announced this 10 days ago. But considering this statement from that PR,
SecureNetView anticipates approximately $2,200,000 to $2,500,000 this year and with the technology involved, Ulysses Holding Corp. believes that the revenue can be doubled within the next year. Just how many shares of UHCR are going to have to be issued to pay for a company that has revenues like this!! Current price of UHCR is .06?
Revenues of 2.5 million divided by .05/share = 50,000,000 of UHCR. Do you think that Clayton is going to acquire this company that has 2.5 million in rev's and is expected to double to 5 million is going to be given to Clayton for 50 million shares at current market value of UHCR?? Not hardly!
Most deals, no, every deal discounts the stock as payment and at .01 would not be out of the ball park IMO. So I guess it all boils down to how much an asset that has rev's of $2,500,000 is currently worth. If it was worth 5 million, as a low ball example, it would take 500 million shares to buy it. So that would mean the private owners have 100 million of SecureViewNet stock.
The PR says they are buying the company, not an interest or percentage, but the whole thing. So I'll let someone else add to what they think fair value of a company w/ revenues of 2.5 million with the possibility of 5 million dollars next year is worth in dollar terms secured by future value of stock that they can't sell for 1 year.
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