Dean supposedly confirmed the $350M bond in a phone conversation with a number of people giving this heresay legs.
Second the 3 acquisitions have combined EBITDA of $15M. One common formula for determining the value of a business is 5X this number, making these businesses valued at $75M.
Another formulacommonly used is 2x revenues valuing this at $140M for these 3 companies.
There are other formulas used but I have no doubt these 3 businesses are worth in excess of $50M just from what Dean has put out and the profit margins for each.
Then you ad the supposed 4th accquisition (heresay as well) but reportedly bigger than all 3 combined. And don't forget the flight school and other things that could be in the works we don't know about.
So, if all of this is true, a $350M bond issue doesn't seem so far fetched, particularly since the financer will know of the real value of these acquisitions.
So I think I am being very real here.
25M shares is insignificant and it is also not nearly enough shares to cover the costs of these 3 (or 4) acquisitions. And you cant deny the float is more fluid now which confirms more shares trading in it. And selling shares at .02 or less wont fund anything
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