Why would it matter how big your stake is? Value * (% stake). I would get my name off the line of credit if I'm not going to have any of the benefits. Call the bank.
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Mon, Sep 3, 2012 at 1:15 PM, Nick W <lists-wi...@atomsplash.com> wrote: > I am a minority shareholder and am basically looking to sell out to my > partner (a corporation). I know there has been a lot of discussion about > valuing and selling WISPs over the years. It seems like the answers vary > depending on equipment, customers, contracts, location, etc. The thing I > see the most is selling for 1x, 1.5x, or 2x gross annual receipts, unless > it is a failing company, in which case the number is dramatically lower. > > The only real difference for me is that I own less shares than the other > partner. Has anyone bought/sold minority shares of a WISP, and is there > anything different about valuing that? I'm looking at selling back my > shares and want to make sure they're getting valued correctly. > > I have proposed 12-months gross receipts * my percentage. They are pushing > for net revenue or gross profit - which are both net of expenses or net of > cost of sales. I've never seen a net number used before - my dad sold his > aerospace company about 15 years ago and used 12-months gross receipts + > cash on hand for his sale number. In addition to this number, there are > enterprise customer contracts that have been signed but have not been fully > deployed yet, and therefore are not reflected on the books - it seems like > these should be added to the value as well. > > On top of that, I am a co-signer on a line of credit for the company, how > should that be handled? Has anyone dealt with that? > > Thanks in advance for any input or advice you guys can provide. > > Nick > > _______________________________________________ > Wireless mailing list > Wireless@wispa.org > http://lists.wispa.org/mailman/listinfo/wireless > >
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