Would BOW orchestrate a hostile take over?
posted on
Jul 15, 2009 12:39PM
Consider he is looking at the possibility of losing to EDIG in court and then being a target of their IP litigation efforts. He is committed to the IFE space but owns no intellectual property. He is merely a seller of boxes.
Then consider he sees EDIG possibly taking in half a billion dollars, more or less, over the course of the next 3-5 years and can own the company probably for $100 to $200 million, eliminate a competitor in the IFE space and claim victory.
The current market cap is only $29.7 million.