GREY:WEWWF - Post by User
Comment by
ddunon Dec 04, 2012 4:17pm
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Post# 20682893
RE: RE: news out today.
RE: RE: news out today. The recent PR basically lowers the NET price of NextBus by $3M. Because they spent $3M in acquiring the IP assets, if someone pays $15M for NextBus, the net value to WEW after lawyers & auditors and the Investment bankers will be about $11M. Obviously this number goes up or down based on the actual purchase price. What does WEW look like after the sale of NextBus? An even smaller company (sales of $30M) with no critical mass, decreasing sales, no profits and several outstanding litigations. If the market smelled $0.60 per share the price would have moved up, but it didnot move up. The volume remains low and if it was not for MGI Securities, the price would be even lower. MGI has purchased 1.2 million shares since mid September.