RE:RE:RE:RE:Adjusted book value on WebbrokerThis sale is entirely depending on the major holders, I always forget their name..Harrington, Huntington. The problem is they came on board around $2. They do not want to sell for a loss. Funny thing is if it weren't for their boy Rozier they would have made a decent profit. Now we are back to square one.
That $2 entry is good entry point / sale demand is good for us small timers, if you can afford to wait it out. Theres a couple other big boys sitting in just below 10% that are not happy with the major holding group now that rozier is gone, we may see things start to move. Of course it sucks that his 0.5% of a sale bonus exists til what was it 2019?
Maybe an agreement could be made with him to drop that fee but I am sure he knows the exact mathematicl equation and its something like this. Each year probably costs the company somewhere between 25-40mil in expenses. Market cap of 70mil but target purchase of 200m+
200mil, that means 10 mil bonus. Each year would presumably drop that bonus by about 10%. So I would assume he would not drop that bonus right now for anything less than 10mil, and for each month that passes, he would probably accept about 100-150k less than 10mil, and as it nears the end date if it takes that long, he would likely accept far less.