PT - good post, but I need to correct you on the strategic investor. If I'm not mistaken, $100 million is the size of the company, not the size of the potential investment in SEEK.
Scott did NOT say there was an investor looking to invest $100 million in the company. He specifically said a recent Russian billionaire made a $100 million investment in a similar company. NOT theDirectory.com!
and 2) no way in the hell will any investor offer a $100 million premium that has a revenue close to $600,000 (source: according to the conference call). Why? Because the company needs to have a pre-money valuation in the hundreds of millions or low billions to at least receive that much. Stop making BS and get your facts straight.
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