>>If Softquad was in play what happens to the options not
>>covered?
All options, warrants, employee contracts, etc are live...i.e. redeemable, honored, exercised...again, given cash left, cash burn, losses and substantial PV, specifically, at this time, with certain product lines e.g. browser and O/S independent HoTMetaL/HMAS/LDBP, Panorama, WebFiler, the state of the Internet and the beat Microsoft mindset...SoftQuad should be in play?...we are not convinced SoftQuad has figured out their two-fold mission objective and whether they have the management team in place to maximize the present value of each product line better than anyone else in the industry or better than a white knight could...
On the other hand, it seems strange there has not been a friendly nor a hostile bidder given lack of insider control of SoftQuad...that would suggest SoftQuad is not even worth the $8 million the market is currently valuing them at...appx. 92% shareholder value destruction since IPO...
$C17.00 2/96 [price performance graph since IPO] quote.yahoo.com tell us that's the mirror image |
