If the Bayport share structure remains the same through the IPO,
and if the sale of REE's produces $50M profit, that would translate into $.0925 in earnings per share. Using a conservative p/e ratio of 12, based on that one deal alone we might be able to anticipate a pps of $1.00 or more, assuming all other operations are just breaking even.
In other words, I'm in all the way.