RE:RE:spRuudinFrance wrote: Golfnut,
present sp is fine this way.
Typical takeover bonus (It hink) lies around 50%.
Anyone coming with an offer of 60 cents has no chance of it being accepted.
If we were at 60 cents, a 90 cents offer might be appealing to some investors(?), maybe too many and a deal might follow (not good, definitely not good, very bad)(where did that come from?, funny that).
After the Tidewater start up and daily revenue going towards $300K, the true value of BBI could become clear to the market with first yearly income of about 100 million.
Low sp now is good in order to ensure maximum price in (say) 2 years time.
Disclaimer, no crystal ball available, all nonsense straight from my bullish head.
Have fun.
Hi Rudd i’m just curious how you came up with 300 K per day. I know it’s not an exact science, but what formula did you use? Thanks