Building in CalgaryIs appreciating in value rapidly. That, coupled with the $15 Million in cash and valuable patent portfolio and excellent product line up make this a once in a lifetime (OK, twice in this case) opportunity to get in on another Qualcomm like share price explosion.
A little vision is all that it takes to realize that. Less and less vision is required daily.
Those selling at these prices are either trying to manipulate the stock (highly unlikely at current volumes), or just plain silly amateurs who have no real grasp of the company's current fundamentals (most likely).
Heck, at $1.65 a share, the market value of the outstanding shares is about $66 Million. Cash in bank = $15 M, Building about $15 M and a patent portfolio worth $??? Millions.
If you were John Chambers at Cisco, wouldn't you at least consider dropping a $150 Million US cheque on the table to see what they say about selling?
Oh yeah, the lawsuit is $100 M CDN. OK, double the offer to $300 M US (about $400 Million CDN or $10 CDN a share). Still a screamin buy for Cisco, and a nice 5 bagger payday for those WIN shareholders who bought at under $2.00 (like moi).
Now, as much as this makes sense for Cisco to do, egos can get in the way of logic. I remember a rumour of Hatim being unwilling to part with his baby for less than his idea of its worth (I have no clue what that is, except I know its more than $50 a share).
However, going from $90 to $1.50 puts fear in the heart of any entrepreneur, so I suspect his position has softened with age - like the tannins of a fine red wine.
Either way, the guys on the buy side of these latest transactions are taking little downside risk and have huge potential gain. It is only a matter of time before some big player notices the opportunity here as well.
Of course, "that's just my opinion, I could be wrong."