PNO looks very attractive at this price. Even at 100% premium someone can buy us over at $15m.
$15m - for a product which is already selling and has excellent testimonials, 2 products in line with guaranteed TGA approval, international patents for Tripeptofen etc.
If Thermalife is selling in 3000 stores, they can easily get their return on investment in 4 years. 25% p.a. ROI just on Thermalife sales in Australia is great, I work for a large financial sector company which aims for 12.5% to 15% ROI
PNO has certainly got impressive products on offer, it seems that the right kind of administration and intent is lacking. IMO this can easily be a successful takeover target.
I will not be too disappointed though at 1c takeover
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