if Novatti sold 9% of IBOA for $3m, that should make the remaining 90% $30m, which is close the the entire market cap of Nov now.
understand that was sold during better times. so even we apply a 50% haircut, that should still leave IBOA to be worth at least $15m. so doubt the Banking Day article that Nov will be handing back the license for free.
let's hope NOV gets a good price for IBOA, if they are indeed trying to flog it off. time will tell
NOV Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
