Charles Wu wrote:
But, minority stock in a privately held company (or even many "public" OTC
companies) is generally worthless

Without arguing the point, stock valuations are higher than cash because of the added risk. If you look at the NextWeb purchase, which was 3x revenue; a good portion of it was stock. At the time, Covad's stock was $1.10; today it is $1.48.

-Matt

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