I think it's very interesting how JBL was offering 0.65 JBL shares per BHD share when they had $4.5M on loan from BHD. Now that they've been forced to pay the loan back with interest JBL are now offering 1 JBL share per BHD share. I think this speaks volumes about how JBL valued that loan as an asset.
Imagine I own a company and you want to buy it from me. Let's keep it simple and take things like goodwill and revenue out of the equation. Let's just look at assets.
My company's only asset is $10,000 in cash. How much would you pay me for my company?
Now imagine that my company's only asset is a $10,000 unsecured loan to you at 11%. How much would you pay for my company? Would you offer me more or less than $10,000? Why?
I think it's very interesting how JBL was offering 0.65 JBL...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.555M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24150 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 2768 | 1 |
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