GREY:WEWWF - Post by User
Comment by
ddunon Jan 22, 2014 12:52pm
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Post# 22121021
RE:Sale?
RE:Sale?The word on the street, and several brokers have confirmed this, is that BSM has raised $25M ($22M plus 10% greenshoe) to buy Webtech. Webtech has $25M million in cash so the price is around $50-$55 M which translates to $0.50 to $.55 cents per share. It is hard to believe this will actually happen because the Webtech management hates the BSM management and they would never get along with each other. The board of directors are focused on shareholder value and don't really care what happens afterwards.