I am happy to include the nearmap purchase in the calcs, if your like...
320m shares, then, @ 10 cents - mcap $32m.
Cash $35,
plus nearmap, with a nominal purchase price of $16m (60m shares, $4m cash, and 12.5m 40 cent options).
So, if you include the yet-to-be-ratified nearmap purchase, you get a company trading a $3m discount to its cash, plus a $16m geospacial media company.
No EV accorded to any of the IP assertion cases. No EV for any future profits for nearmap.
And you are right about the $10k purchase. Not that exciting. A token purchase.
But the fundamentals, and the buy price, of this company are exciting
But I also understand this sort of company is not for everyone.
IPR's IP cases are difficult to accurately value. So is nearmap's potential.
But I know they are worth more than minus $3m! Exactly how much more, we will see.
IPR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
