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02/28/11 3:11 PM

#218565 RE: B*A*N*K*E*R #218536

[quoteThe current numbers not only determine the value of a company, intellectual property, forward sales expectations all play a part][/quote]

So if we assume a valuation of centawhater at $600MM per you, then how do we look at the merger?

1. As Centa is worth $600MM (75% of the merged company) then QASP is worth $200MM (25% of the merged company). Total merged company value of $800MM.

2. The merged company, primarily based on centa is worth $600MM and Owens just gave 25% ($150MM of equity value) to QASP shareholders?

I am ok with number 1, if someone can explain to how QASP is worth $200MM. As a shareholder of QASP, I also am ok with #2 as well. Although I would sell right away because what kind of CEO (owens) would give away $150MM equity value for QASP.