new ccj ceo eyeing t/o's, page-15

Hey GOnuke
As BMN only owns 80% and CJ et.al. own the remaining 20% he'd be happy to sell at $1
MKT cap 67mill at 30c is roughly $210 mill at $1
$210 mill buys 80% therefore the remaining 20% is valued at around $50 mill, he gets the cash to fund his share 20% of the development costs, (or a large chunk of it and with a $50 mill asset can borrow the balance)
This same logic applies no matter what the price in fact to determine what price he will accept is to back calculate at what price his share/contribution (20%) of project cost would be and apply that number to the number of shares he has, the guys owning the 20% not held by BMN aren't exactly in the money from CAZ etc etc, we're not talking Packers & Murdochs here they're just little people trying to make it work for them. In other words think of it from CJ's perspective.......... or by saying you don't think he's going to sell you've got some other logic or insight to share?