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SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."


NDAQ:SQI - Post by User

Comment by zzzmanon Oct 18, 2011 10:17am
544 Views
Post# 19158761

RE: RE: RE: RE: RE: Valued at $1.32

RE: RE: RE: RE: RE: Valued at $1.32If you read the full announcement on the website of either New Gold or Silver Quest, you will find that there were a number of independent valuations done and they signed off on the deal (the Court would require that before it would approve the deal).  The other point is (some of you may have more experience than I) but how many juniors have you seen start out with a value of .78 and 15 million in the bank and 9.9% of it owned by a major gold producer.  New Gold's geologists would also have done their due dilligence before signing off on the deal.  I may be way off base but the only thing that I can see that could screw up this deal are a collopase of either world markets or a collapse of the price of gold.
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