1. I value the technology that SFI has at greater than 8 cents let alone the royalties that SFI should be receiving. With a conservative 3 captures per area per year.
2. If you consider that Nearmap already has 330,000 square miles in the US of coverage this would amount to at least $6 million per year... once Eagleview scales up it could easily be $15-20 million year.
3. Name me a stock with $20 million recurring revenue that sells out for 6x revenue + IP + Aus contracts.
4. Management has failed to give a reason why this is a good deal for shareholders apart from stating it's attractive when comparing the VWAP low. Take a look at the chart from last year.
5. This is a terrible deal for long term holders. (I don't fall into this category but I'm sick to death of management always taking holders for a ride)
