It is all dependant on the acquisition, if they get one.
If it is a profitable and scalable business then sure there would be people who want to sell just because but if it was a 1M profitable company then what MC would that be?
PLY last FY had losses of 5.8M but this year made 4.8M in profit but their MC is ~270m, was higher previously as 6 months ago they were 90c now 70c. However even if we took 20% of the MC (being 1M is ~20% of 5M) then the MC could be for MGG 54M which is ~10x where we are now so it would be silly to sell out for less than 1c IMO if it was a 1M profitable company but again depends on dilution. What if they then get a second one soon after as there has been a year nearly of DD which gain if it is 1M profit (2M total now) we could be looking at 100M MC.
The things that are unknown is how profitable are the companies, what IP are the companies brining, how is the deal structured, how much dilution will there be but when.
Don't get me wrong I am sure there are people wanting to hit sell but if the deal is good it may not be as bad as we might think. If it was a loss making business with bad IP and over paid for it e.g. spent 5M for a business losing 5M p.a. and no good IP then yup there will be a heap of people selling.
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