RE:it might seem like apples and oranges It's not unreasonable to get a 20X multiple on revenue for the forward looking year of 2021 to come up with a valuation for Tinley as a whole considering they have 3 major revenue streams (Copacking, Beckett's, Tinley's).
Not that I believe negotiations are happening, but if they were on the bases of a buyout I'm sure Jeff and Rick would be projecting roughly $10million in revenue for 2021, so a 20X multiple on that would be in the $200 millions range putting the share price of a buyout starting in the $2s, however the buyer would be taking a risk short term as there's no guarantee they'll hit $10 million revenue next year but a high probability in 3-5 years they'll be exponentially higher than that. Good risk reward for a potential buyer to swoop in now before revenue pops off.
One day Tinley will be a billion dollar market cap and doing hundreds of millions in revenue across all their pillars. But much more patience will be required to get to that point and I think most here will be long gone by the time it gets there