Would you pay $10 million for a company that only generated revenue of $250k in a quarter. Let's be generous and say they work on a net profit of 20%. That's 50k profit in the quarter. So $200k profit annually.
To just break even on the $10 million investment will take 50 years!
Anybody that thinks this is a good purchase needs to put forward some very compelling reasons.
Ann: Binding Share Sale Agreement to Acquire Invigo, page-133
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