As of Feb.10th, 2015 BIOC had over $20 million in cash. That includes the $17 million from the Feb. offering and the warrants exercised. Also, they had signed with America s Choice Network to offer there products to the PPO's 19 million customers. Stock will pop like a rocket next week's conferance call.
This wikl definitely run to $4-5 range within the next week. VLTC is already run up ober 1400%. The big money is piling into VGGL now. It has better fundamentals than Voltari anymore and its a great buyout candidate for its marketing platforms and its carry forward losses. Definitely still undervalued til the $4-5 range. Will breach $3 today.
The stock is a great buyout candidate for any media/ entertainment company. R.Sillerman is no fool and eventually he will sell for 5 to 6 times what he invested in this company. Just read his bio and you will see he has a history of starting and selling company's for great multiples.
According to a few contacts in the industry Viggle will either be taken private or brought out by SFX. There is no need for R.Sillerman to operate both his companies separately. Also, he can make Viggle profitable sooner by merging it with SFX. Since he owns the majority of Viggle he srands to gain the most from a higher share price. If Wetpaint is valued at $40 million then Viggle should have atleast a $70 million valuation. That puts it at the $5-6 per share range.