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Let's Roll

08/15/13 10:41 AM

#68904 RE: greedy BASTURD #68903

Compensated Awareness Post View Disclaimer
I think that deal is close too Greedy!

$SEEK
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TechnoAnalyst

08/15/13 10:47 AM

#68906 RE: greedy BASTURD #68903

DUDE if they closed a deal with GOOG that would be amazing!!! HUGE GAINS HERE!!! $SEEK
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kjets73

08/15/13 10:59 AM

#68918 RE: greedy BASTURD #68903

That highly depends on how many shares you own. Assume google buys them $200 million (and that's way more than this Company is worth right now). That means the price per share is around $0.08 amd thats an off the top of my head number assuming 2.5 billion O/S (I think the actual is higher) and doesn't include the pay-off of debtholders. So in reality the price is probably a little less than $0.08 per share. So you would need 12.5 million shares to just become a millionaire (but after taxes you wouldn't be).

With that said, SEEK isn't worth $200 million right now anyway that was a fantasy number. Overall pt being, there MAY be potential here, but a huge Google buyout or something of that nature is ABSOLUTELY NOT going to happen soon. The
Company is not even doing $1 million of revenue a year, the business model is not yet proven, and they do not have scale. The most valuable asset right now is domain names. There has been momentum as of late it seems based on PRs, but I have been with this thing for about 3.5 years now and I can confidently say, if this thing is really valuable, the value is still a ways down the road and needs to be created by the Company. It's not there yet.