Anyone want to take a shot at the value of the stock post acquisition? 128MM shares at $0.16; no debt or cash immediately after acquisition. Enterprise value of $19.2MM.
Factoring the seasonal 4Q revenue (shown in 07), 08 Rev should be about $14.8MM. Using a 14.1% EBITDA margin (from 3Qs of 08), you get $2.1MM of EBITDA in 08.
EV / 08 EBITDA --> 9.2x
Not bad considering the revenue is growing at close to 30% annually...also should be profitable for full year 08. I'd say NI in the range of $800k - $1.2MM (mostly due to getting Miami expenses in check).
I'd think the stock gets some action after reverse split / name chance / relisting on major exchange.