RE:Sausage I'm not qualified to offer a price / opinion based on industry metrics or accepted formulae. I have in the past sold a business though, and in the end - none of those metrics applied. Ultimately the deal was inked after much posturing, show, flash and fanegaling. I got a price 20% over asking, but then ended up overpaying on my next investment
Based on an 'accepted' opinion of how these two operate, I would be inclined to believe the selling price would be based entirely on the perspective of their personal gain, with absolute disregard for the remaining shareholders
This could be a great opportunity for a buyer who wants in to the industry with a turnkey opportunity, and willing to pay more. There's a lot of added value in THC over and above the tale of the books, that would warrant paying more
I M O - As an ongoing concern:
a good deal for a buyer at .15 to .20
a good deal for Thc (JM/HJC) above .20
I'm a bag holder at .25