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| The Mother of All Dilutions | ||
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From: chicagofina...@yahoo.com
Date: Thu, 4 Dec 2008 10:55:28 -0800 (PST)
Local: Thurs, Dec 4 2008 1:55 pm
Subject: The Mother of All Dilutions
But you know what? I'll take it. It beats going to $0.00
Well done guys. One caveat: Febreze, do us a favor and fade into the
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From: chicagofina...@yahoo.com
Date: Thu, 4 Dec 2008 13:11:19 -0800 (PST)
Local: Thurs, Dec 4 2008 4:11 pm
Subject: Re: The Mother of All Dilutions
Let's be clear here......fully diluted shares have now increased at
least 10X-12X...I can't be bothered to do the math, because it is irrelevant anyway. So just to get this sucker to $1, you need to have an enterprise value of $250M+......that would be quite a trick.....all you need to know is that Google is getting smacked around badly, so this revenue model is under serious pressure. I think at this juncture, just to survive 2009 would be cause for a standing ovation. Any meaningful growth generated in the next 24 months (i.e. taking share or creating a market) will be hard fought. Bad time to be a development stage company, but at least they took out the debt albatross. Seriously, GOFH must be promising (regardless of the fact that they just handed over the company) because death is anon for all these types of companies. You will have my admiration if you are in place to be harassed on January 1, 2010. Good luck. You must Sign in before you can post messages.
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From: chicagofina...@yahoo.com
Date: Fri, 19 Dec 2008 14:19:36 -0800 (PST)
Local: Fri, Dec 19 2008 5:19 pm
Subject: Re: The Mother of All Dilutions
Interesting that Qatalyst worked on the deal......while I would chalk
that up to pathetic hubris or mere desperation on your part, it speaks volumes that they passed on GOFH. The only issue here is that maybe their terms were even more draconian that the cast of characters you lined up for the $22.5M. I am tempted to qualifiy my prior tepid praise. You guys kind of gave yourselves a backhanded black-eye and paid through the nose for it.......yuck..... You must Sign in before you can post messages.
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