Right now our CEO when shopping with equity....We will now have approx. 105M shares outstanding ...at current prices 8 that a market cap of 840 million .... we will be somewhere in the low 7 range tomorrow... giving us a market cap of approx 735 million .... Instead of selling outright to big player he goes and dilutes shareholders... wow... If big players still consider buyout long term we are sharing our gains with the Jumptap people... LOL...
JumpTap $53 MM was a core 2012a with 42% est growth (down from 50% in 2012) = $75 for 2013e for JumpTap, combo $340-$350 minus $75 JumpTap revenues = $265-$275 Stand alone MM slightly less than estimates, but maybe JumpTap is growing slower at 30% then you get standalone MM at $270-$280 more inline with estimates.
Too bad they will not provide better guidance, people always sell uncertainty.
down to new lows after hours - this will have a hard time tomorrow given all the unhappy analysts on the call - most of them obviously knew about the fact that Jumptab had been shopped around for almost a year and were wondering what changed MM managements mind to finally buy this troubled company