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Message: How high?
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Aug 25, 2010 12:56PM

Just for fun, maybe it's time for a little math?

Let’s assume the bar has been raised enough to reasonably expect a minimum of a "double" over the Texas 7.

11.3M gross from 7 infringers = 1.6M per infringer (on average of course). So 16 times 3.2M per infringer (on average) = 51.2M gross. Multiply 51.2M times 55% allowing for the 60/40 split and another 5% to cover expenses. That’s 28M net to EDIG. Divide by 300M shares and we have at least a 9 cent per share CASH VALUE.

Obviously the first question is: "Will DM deliver?" But if so, then my next question would be: "What multiple of cash value will the stock trade at given another 150+ additional infringers?"

- Sinkman

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