RE: Company Value Well the problem with the Forbes fellow's thesis was that the Market, not he, was right.
The Market discounted the INE deal and lo and behold, no $22 million is coming.
The Market discounted the Cloosh cash, which has also not yet been received.
And if you look at the company liabilities, they come to about 35 cents per share.
The reality is that these small renewable developers have tended to shrink to a small fraction of their original price. Hopefully they will finally recoup some of the loss, on their way to becoming part of history.
The analysis of a company and what it should sell in the market is likely different than how a possible acquirer values a company (always trying to pay as little as possible for something worth more), especially when the acquirer knows that the target has waited too long to sell itself and now is approaching dire straits. Luckily there is more than one possible bidder kicking the tires. We can only hope that there is more than one actual bid. And that there are multiple bidding rounds.
So far, the market is not quite sure that will happen.
I think something will happen because something needs to happen or the company will have to try to raise more money and that is something to be avoided in the current climate.