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Biomerica Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Oct 22, 2013 12:40 PM Flag

    Management may have engaged Merriman to

     

    arrange financing and explore taking the company private.

    The float is under $4 million worth right now - company has 30 cents/share cash and no debt. So company value net of cash is $3 million. Almost laughable.

    CEO knows sales/growth are coming - what better time to buy the whole enchilada? If the market won't value the company properly, take matters into your own hands. Two or three years from now, once sales growth is in motion, do a new IPO and shares will sell for 10 times what they do today.

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