I agree with Ray
Take care of this with the third quarter estimated tax filing
Maybe consider even overpaying to the State which will be a deduction
for the Federal---If you overpay to the State this year, the
excess can be refunded to you next year or applied to next year's
Sounds like you are going to be doing this with the "House Money"
so to speak---
Best of luck--
2014 Revenues $100,000,000
@ Only 2 X Revenues --Enterprise
value would be perhaps $170,000,000 +/- ?? ($200,000,000 + $3,000,000 Debt - $33,000,000 Cash)
Approximately 33 million shares (including options not in the money)??
Theoretically stock should be worth on takeover basis at least #$%$00???
I have followed SKVI for a long time---met with management in Las Vegas--
It is good to see some interest in this--
Not sure how many shares outstanding if all options exercised--etc---200,000,000?
The value/concept here, IMHO could be some large Pharmacuetical buying SKVI---and
incorporating SKVI patents into one or two blockbuster drugs where, exclusive
patents are expiring, and the combination of SKVI technology and the expring patent
could create a "new" drug with new patent expiration time period--
At least that is my hope---Still many risks.
The Bull wins, unless the Bear does something really sneaky,
makes a dirty move and/or engages in unfair tactics
(Contrary to popular belief Bears can be sneaky).
I agree ---both through the website, investor presentation and quarterly
conference calls it would be helpful if management provided more
information pertaining to goals and objectives, progress on
gaining greater share of a large addressable market, etc.
IMHO company will be strongly cash flow positive, this year and beyond,
and although many risks inherent, I am staying with my
guesstimate of $3.00+ next year. March price target---
With stock currently at $1.80, and assuming a "solid" $3.00-(even
one year from now) a rate of return of 66%
As we know, Shares trade very thinly--too thinly for most institutions and/or
substantial investors to want to get involved. Best outcome in my opinion:
-----Johan runs a tight ship----company starts to show significant growth
in operating EPS and Board of Directors find a strategic buyer
for our company at significantly higher price than currently prevailing
Best of luck to you and all.
Right now an incredible struggle---the two locked in mortal combat--
A battle for investment survival! Which one will prevail? Will it be the:
Raw power--one smash with a giant paw---ripping claws--can
jump on you, chase you up a tree---can crush you. Extremely dangerous!
Raw Power--can uplift you with one powerful upward toss---send you soaring!
The following represents an effort to develop a reasonable $$ number relating
to conservative (non-promotional) valuation for Yahoo ---realizable within next
six months---Still, many risks--if something looks like a slam dunk in
current volatile market environment--best to be extra cautious! In any event:
Assume Alibaba valued at $180,000,000 on offering
Yahoo receives approximately (after taxes) on 9% stake sold $12,000,000
Retain approx. 14% in Alibaba --Alibaba goes to
$200,000,000 shortly after offering--
Yahoo's stake worth approx. $28,000,000
Yahoo Japan (conservative) $ 6,000,000
Core Yahoo $4,000,000
Works out to approximately $50.00 per share
Adjust downward to be even more conservative $48.00
Assume this value develops over next six months
Annualized rate of return from current $37.00----59%
Here is a suggested plan to implement your idea::
Have Stock price pegged right now at $48.00 perhaps $50 for Alibaba offering
As part of the Alibaba offering--- all Yahoo shareholders would receive
1 Alibaba share for 1 Yahoo share.
Alibaba does not have to come up with any cash to acquire Yahoo.
Yahoo would be a wholly owned subsidiary of Alibaba.
Yahoo shareholders have something worth $48.00 - $50 right
at the closing of the offering---still huge upside from there
(better IMHO to own Alibaba after the offering than Yahoo)
Existing stock (the 22.6% of Alibaba owned by Yahoo-
would of course now be owned by Alibaba, as would
the stock in Yahoo Japan currently held by Yahoo.
These shares would come out of the Yahoo subsidiary and
moved up to the Alibaba parent company---(Alibaba could
retire the 22.6% Alibaba stake formerly held by Yahoo.
Several days perhaps --not several quarters IMHO--
Forgive the anthropomorphic overtones but "the market has a short memory" (sometimes)
Yes an overall market dominated by hedge funds,
day traders momentum players and high frequency traders
all operating in a casino arena environment---in essence
pressing buttons --with computers triggered, all-watching
numbers on computer screens and mobile devices all
over the world.