Replies to post #28877 on GSDT Fintech Group Inc. (GSDT)

[mastaflash]

"why would someone sell a company for $15 million if it was worth $80-100MM?" -- Mostly shares...what would they be worth to Richard if those #s come true? He would know.

[Klonopin2mg2000]

i.e. because of the 800 million dollar value that only the parties involved would know about and could foresee...

i'd certainly sell my firm for 15% of value today if in a year in return i became part of a conglomerate* ;-) worth far greater value, no? and of course shares in said conglomerate*

* "combination of two or more companies engaged in entirely different businesses together into one overarching company"

JM2Sense!

K2

[Steady_T]

Because of what he gets for that.

Weitzel gets to keep 51% of his old company plus he gets 51% of Evermedia's biometrics technology and a public shell that is working with a lot of good people associated with it.

Synergy I think it's called.

And he is CEO of the now larger entity and has a pot full of shares in the parent holding company.

Maybe that is what he saw in the deal that made him think it was a good situation for him.