On 6/17/20 12:34 AM, Andrew Dickinson wrote:
> I’m curious how you know it was sold so cheaply? I thought the terms of the price were kept confidential.
Brian Kantor stated the price was between 50-59 million. At the time of the
sale, IP's were about 20/IP with larger blocks commanding a higher price.
A /10 would be about 83m at this rate. Best case they left 20m on the table,
worst case, they left 33m. It's likely the people in management at ARDC
(Brian) had no real experience in this market.
Just looked into it, the sale was 108 million, as released to the public in October. That's 20 million more than your estimate after what they "left on the table"
As of now an IP is worth about 34 dollars. So they certainly could have
waited to sell with no down side.
They could've waited til the pandemic and may have not even had a buyer. Theres no such thing as predicting the future price.
73s
--
Bryan Fields
727-409-1194 - Voice
http://bryanfields.net
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