Well, I'm not sure that are directly investing in LDDI. It's sounds like the investment was directing into Powerchannel, which is a private company (of which LDDI holds something like a 5% stake, which would probably be diluted by the Grenada investment).
But as for the rumour of acquiring MUCP, since they apparently claim they will have 250,000 boxes deployed by Xmas (kinda far fetched, if you ask me), then I would suspect that they think they can get past paying MUCP the requisite royalties/licensing fees.
Personally, since we're seeing so much enthusiasm over Netgem and other set-box makers, combined with the fact that Web2U provides one of the clearest screen resolutions on a TV set, I would think we're worth at least $10/share...
And since many of these big investors bought at an average cost of $2/share, I would not imagine they would settle for anything less than an even $10.
And they can't buy us out without gaining the approval of the board, 4 out of 7 of which represent the US investors.
I'm quite content to just ride on all of their coattails on this one... Having folks with big money at risk in a company is one of the best guarantees that eventually we'll see value return to the shares.
Imagine that... 250,000 boxes... multiplied by at approx $20 equates to $5 million right to the bottom line...
Regards,
Ron |
