<<I was cautious in my clacs and weighed DRIV in at 20 a share (I pray I am being overly careful with this). With an approx 20% share of DRIV that makes TSQD pop 4. If we add that to the price TSQD was trading at for most of the year (3) before all this speculation started, that would mean I bought in at a pretty fair market value of 7.>>
Not really. TSQD owns 3,200,000 shares of DRIV, and TSQD has approximately 10,000,000 shares outstanding. If DRIV trades at $20 after market, that would give TSQD $6.4 ($20 x 3,200,000 / 10,000,000) for it's ownership of DRIV alone, and $9.4 if we add the 3 for TSQD's intrinsic value.
Given the strength of DRIV's recent press releases thus the added numbers of important alliances and the additional positive publicity generated by the road show next week, I would really be surprised if DRIV trades below 30 in after market.
As well, TSQD is a BB stock, so on the positive side most individual investors will not be able to short it. On the negative side, since BBs are not eligible to trade thru most ECNs, we will be missing the momentum of Datek, ISLD, TNTO players to drive the price up as they did with WCAP yesterday. Moreover, the absence of ECNs allow the market makers slightly more control of the price action.
For those who haven't had a chance to examine DRIV's pre-IPO filings with SEC, I will post the link again:
www1.freeedgar.com
Kimberly |
