RE:RE:RE:RE:RE:RE:Aimia Details Results of Common Share Substantial Issuer BidI'm with James, the cash burn, should it still be prevalent is beyond easy to correct and the new board clearly has a stated agenda for same whereas the legacy board clearly didnt care. The thing has technology and some clients. I get your point that its value might be negligible if it doesn't have a path to profit but if one can be construed with appropriate cost allocation then it would clearly have some value.
As for the NAV, I admit I'm losing touch with the numbers we are working with. I had Mittelman valuing BIG loyalty at 50 million and there was also another asset called Fractal Analytics for 20 millionthat I dont know if youve accounted for. I also dont know what cash is left after all of the buybacks.
On the other hand and interestingly enough, the value I had Mittelman placing on CDLX ended up being only about half of what they achieved in the sale of the shares.