4DS - Anything but Charting, page-23056

No, it's not my estimate.

In fact I have no real estimate.
I think that the price will be Market price + a Premium.

I have never seen a 1000% premium on a takeover on a listed company, and that will be the premium if the price reach 1$/share tomorrow on a takeover announcement.
(if someone ever heard of a 1000% premium it will be helpfull to our discussion to post it).

I've seen 100% premium, but never for an IP company with no staff and no revenue.

But if KH manage to take the price to 0,30 in the next three months, we could have a takeover at 0,50 or even 0,60.

The problem is that there is not much time left if they want to announce an offer before October 27, where 32 million options are set to expire.

They could forgo the options (ouch !) and extend the negociation time to 2023 and even 2024, but people wont give them money for that, unless they can show some real expressions of interest from industry leaders... and some substancial rerate on market.

They could give up the takeover idea and start selling licences.

But what happen to the Sale Bonus Pool, then ?

I doubt selling two or three licences qualify for a "liquidity event".

Will they also give up the Sale Bonus Pool ?


Imo, there is only one scenario that qualify for a selling before end of year, that will save both the October options and the Sale Bonus Pool:
- Western Digital buy the IP in August/September (or at least they officialy decide to start negociation at that date)

No takeover. 4DS will survive as a shell . Price will be market price + Premium (between 18 cents and 50 cents depending on the price reached on market)
KH is there to negociate the final price with Western Digital


Pfff...
All this guessing game is very frustrating, knowing that the board has certainly a good idea of what they will do in the next five months..

Why not explain it thouroughly ?

... Because it's covered by the JDA's NDA, Stupid !


Ah ! the JDA mystery...