WARNING:WILD SPECULATIONS AHEAD... WILD SPECULATIONS AHEAD
Well Crazy I'll take a crack at crunching some numbers.
We know that Medsite raised about 69 million.
We know that JDX kicked in 1 million the first time.
It seems a reasonable guess to think that they had to ante up 2 million more to stay even.
So that means that they have put in 3 of 69 or 1/23 of capital. If the principles intend to retain say 75% of the company then Jdx would have 1/23 of 25% or 1.086 % of Medsite.
If medsite IPO's to a similar value as Healtheon, say 6 billion; then JDX would have 1.086% of 6,000,000,000. or $65,160,000.
If there are 35,000,000 shares outstanding in JDX, then the per share value of our holdings in Medsite would be $1.86.
Which confirms most of us in our belief that JDX is way undervalued.
Note:PURE SPECULATION...PURE SPECULATION...PURE SPECUALTION
Anyone else have alternate guesses or hypotheses?
Later
Keith
EDIT: Thinking about it, the above implies a return on investment for JDX of about 20 to 1, seems to me to be a tad high. Does anyone know what kind of return venture capital normally generates in these type situations?
EDIT2:These figures are in US dollars, would mean about $2.75 CDN, I think, shouldn't do this type of stuff this late. |
