If you don't care about this deal, then kindly move along. Your picking a share price of $30 out of the air is brilliant. The fact is PWCC owns 11% of FLAS. They are not selling ANY at the IPO (check edgar if you would like). If you give FLAS a fair valuation for market capitalization, take 11% and divide by 3.25 million shares, you are looking at $25 irrespective of the 4-5 other companies Fourteen Hill has interests in, PWCC's cash holdings, PWCC's book value, and PWCC's other ventures. Look at GEEK for a comparable market cap.
Your pulling $30 out of the air is a joke, without considering number of shares, market cap, etc.
This stock will be at $20 in a blink, $25 shortly. Good luck with your other ventures. BTW, stick with your day job, because financial analysis/valuation isn't your strong point. |
