Dilution likely priced in when material news released- unless...

Dilution likely priced in when material news released- unless issued shared dumped: in which case we have bigger problems than a dipping SP. IMO- at this stage, would apply 10x to the windepot part of the business. I'd maybe pay 20x for the Kaddy revenue. Winedepot for the for the past 2 quarters was definitely not growing (organically) like a 20x business should (8% and 13% QoQ growth) - unlike last year when it was doing 70% growth QoQ (warranting 40x). Argument to be made that over the next 6mths (2 qrts) when the 2 businesses have been combined synergistically maybe 20x- but not until seen. Until then would prorate the MC- 220-250MC at this stage seems fair- 400 sounds a little stretched. just opinion.