It shouldn't, but there are more experienced people than I, so that's why I asked. That's exactly what I proposed with Value = 12mo gross receipts.
On Mon, Sep 3, 2012 at 10:17 AM, Josh Luthman <j...@imaginenetworksllc.com>wrote: > 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 >> >> > > _______________________________________________ > WISP mailing list > w...@wispa.org > http://lists.wispa.org/mailman/listinfo/wisp > >
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