Potentially.. it will depend upon who and what the offer is. Solos currently has a market cap at 3.2 million, with 950 million shares alotted for contributed capital.
If say the buyout was $50 million of cash, then as shareholders we would see a cash offering of roughtly $0.053/common share, not calculating in the series B perferred shares. Decent gain for sure. At this time Solos would need to see significant sales revenues, product development, and demand to have an offer that high. That may or may not come with entrance into Europe and Canada. We will have to wait and see.
From a business perspective, the company that purchases Solos prior to having proven 'CE market' success will be taking a far greater risk than we are. Most likely that company will have many more shareholders to answer to than Solos does. The good news is the global economy is better than it has been in the last 5 years. Top companies are looking to spend cash to acquire more assets.
Ultimately I think we will see one of the following in the near term:
1. Solos will sell off a product line.
2. Solos will reverse for to 1 for every 100 or ten, and do a complete stock swap with the purchasing company.
3. There will be a cash and stock offering to Solos shareholders, 1 penny for 75% of position then paper for the rest.
But first we'll have to see what tomorrow brings...
Dream big!
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