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Premier Exhibitions Inc. Message Board

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  • smaycs4 smaycs4 Feb 20, 2012 4:05 PM Flag

    Guesses on buyer and price?

    I have no idea but Im hoping for the best.

    I do think those that think $5 a share is a slamdunk might be unrealistic.

    We dont know what they will fetch net, after auction fees & commissions & expenses and we dont know how much INCOME TAX they will owe.

    I dare say that if even $4 was a slam dunk, we wouldt be trading for $2.50.

    I would love to see $6 or $7 or more.

    But wishing wont make it so.

    And remember, you need 2 serious QUALIFIED bidders or you dont really have an auction.

    Being very familiar with auto auctions years ago, I know that many cars never drew ANY bids, just the auctioneer fishing for high bids.

    Now, he would fish for high bids in the repo lanes too but would quickly come down to reality and accept a low bid and then you would have all kind of opportunistic bidders raising their hands.

    The fear here is there is only going to be 3-4 qualfied bidders and without 2 that are serious, its nothing more than a craigslist ad trying to sell something at way above its value.

    I think the legal restrictions also devalues the collection by a good bit.

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    • Smaycs is an idiot don't know why you would listen to him

    • There are people out there who pay $80 million for a single painting by Van Gough, so $180 for ALL the artifacts from the Titanic on the 100th anniversary of it's sinking is not out of the quesiton. There are huge ego's among the super rich and some successful hedge fund managers can make $100 million in a single year. By the way, the asking auction price of an old ticket--just a single ticket stub from the launching of the Titanic is going for $50,000 to $75,000. I say the sale happens for somewhere in the $180 million range. which should double the price of the current stock. Good luck to all.

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