So now that management likely is planning going private (why consider publicly those things they consider?): the most important question for me at the moment is: what price will the company be sold? What to expect? Any thoughts?
I read between the lines from yesterday press release and got the same conclusion as you;
- They are ready to get tough with PwC.
- They got Toro to explore the future options.
It seems at current PPs level, the best option would be "go to private"
- NQ executive Never Quit his own journey. Go to private is the only feasible option to fulfill his ambition and have a feasible challenge for him to "never quit".
- NQ team fell short miserably in fighting against shorts in every perspective from strategic planning, tactical maneuvering, management in crisis and expectation. Do not mention about IR "jump the shark" performance or company transparency. "Go to private" does offer an opportunity to start the game from the scratch.
- It still can fulfill the commitment to all partners and employees.
- It is a "nuclear bomb" to shorts attack. (I can not win this time and we can all go to hell together. However, I do have the future opportunity to get prosper).
- It may offer reasonable compensation/reward to the longs (NQ still need their support in the future)
- It serves as a final warning to PwC. The firing PwC would be the signal for "go to private"
I personal bet the price for "go to private" would be $10 -15.