HTMXQ deal got it. papers will be signed tomorrow. Now, its time for valuation. HTMXQ closed at 2 cents, has only 36 million shares, meaning it has market cap of $720,000. The company was in chapter 11 so entire company debt is now wiped out as the buyer bought the company via bankruptsy court for $127M. Do the math, I dont know how to value the company but for me if buyer pays $127M, its got to be worth a lot more. Most companies trade 1X to 10X its book value. With only 36 million shares and assuming half book value, $63.5M, HTMXQ should be trading at $1.76 at 1X book value, it should be worth $3.5 lets assume 1/10th of book value, that is whopping 35 cents. Imagine, it closed at 2 cents. What is HTMXQ worth??? Anyone
$0.0 (08/11/09)
