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iPass Inc. (IPAS) Message Board

  • drainwire drainwire May 9, 2014 9:54 AM Flag

    Price they get for selling part of the company will depend on MC

    See what's happening? Manipulation by some group to get the PPS down down down...and it is working with only trading about 2-3M shares out of 64M.

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    • I don't see how the market cap makes a difference. What does matter is how much cash they have. A sole buyer would know if they are up against the wall. Business brokers like to get at least two buyers and create a bidding process.

      • 1 Reply to gotnochanceoflosinthistime
      • They are up against the wall with continuous burn rate of $4m per qt, and that assume no surprise bad qts ahead. I suspect any buyer will only offer "blood in the street" price. The only other alternative they will have then is to do a "below market" PIPE which at this level would be at about 75 pennies a share. I'm a holder and I know I'm in trouble, and the manipulators know it also...but I'm holding and accumulating to the bottom to lower my average and hope for the best in the future. What they probably should do is try to sell the whole company someone like WIFI...who might pay 2-2.50 pps just to get their network and customer base. Otherwise this management team may end up destroying all shareholder value...jmho

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