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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