So my Bitzio obsession has led me to the following conclusion:
I think it is inevitable that Bitzio/Democratique will acquire Lexi-luu designs. They're currently owned by McDougall's other company, Rocap Marketing. Rocap just acquired Spiral Toys, who created a way to link toys to smart-phones, and named their founder as CEO. That leaves McDougall out at Rocap, and Rocap with an outlier asset in Lexi - luu. Rocap is listed in Canada and a Google search will confirm this news from June 4th. Seems to make sense we hear about this sometime soon.
Lexi-luu is a very successful dance wear company with sales approaching a million annually. Of interest to me is that they have over 25,000 likes on Facebook. For comparison; Spanx has 142,000 likes. Now Spanx is a billion dollar company, right? Since Lexi-luu has about 1/5th the fb likes logic can dictate it's value is about $200 million. That would make Bitzio's share price hover at a dollar given the current share structure?!?
So even if they dilute up to the entire 2 billion A/S to fund the acquisition, we are still left with a ten cent share price, are we not?!? Are we not totally undervalued here or am i crazy?? Don't answer that.
What's really sad is I am in no way associated with any of the companies referenced and just enjoy some nice Google dd and daydream sessions.
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