Mike, instead of c/p this to everyone who PMs me I figured I'd just post it here. Hope you don't mind.
Dave, I talked to my cousin Joshua (the regional COO @ best buy MSP) and then the other guy over on neo MCF(former exec dir. of the FTSE in UK) and both are marginally interested. They like to see the stock come down and both have already looked into this. They are both (independently) speculating that a bunch of small timers are randomly buying up shares in hopes of having part of a company that might one day take off; or just pure nostalgia. Their (again, completely independent) advice is that this could be a money maker long term but to let initial market turbulence settle, let stock slide, buzz die, and then make an offer. I'm close with both of them, both are gamers, both have more in holdings than you and I will see in our lives - I feel confident we could get one, and probably both. Joshua thinks 350m is enough for controlling share in 90 days time. Marty said he thinks it's twice what it shoudl be in his very quick glances - 250m was his number. He also backed up your idea that we'd only need 2-4% cash and a viable business plan from some folks with experience and/or knowledge of the business, so you probably aren't too far off your initial figuring.
Thoughts?
-Mike
Sent: Tue Jun 17, 2014 4:28 pm View message | Post a reply
I'll also mention that of the six former podcast guests I emailed I've heard back from 3. One has cash (quite a bit - he'd be the primary buyer of our group so far), one said no interest, one has interest in doing some development work on old IPs and can bring some crew with him. Still awaiting to hear from the other three, including that "big fish" I mentioned. He's busy, though, so it may be a day or two.
