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Posted On: 08/28/2018 3:13:43 PM
Post# of 40990
Steve made a good buy $15m is low-balling. ONCI is worthy of $100M+ at a low 42X earning not that far away. Accounts Receivable alone at $3.1M is sufficient to pay it in full. Additional revenue sources exist's though at infant stage.
Obviously he has a in-demand product that sells itself, why pay in full when it can sell itself with little or no penality? My observation he is saving cash to announce MJ acquisition or 6th leg.
Lets see this confirmed in the SHL for Sep.
Quote:
Under terms of the deal, FMS and their global distribution network of the drive safe app remains fully operational and continues as a standalone brand following the close of the acquisition.
Obviously he has a in-demand product that sells itself, why pay in full when it can sell itself with little or no penality? My observation he is saving cash to announce MJ acquisition or 6th leg.
Lets see this confirmed in the SHL for Sep.
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