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9,788 Posts.
3485
26/11/14
08:20
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utter drivel...
the stock is worth 0.36c approximately- the only way it gets to 1.3c pre deal conclusion is stupidity or manipulation
they are issuing 2.44bn shares at 0.5c to buy crowd mobile - they then consolidate the shares on
42 to 1 basis approx
- and the 2.44bn + current 91m shares on issue becomes 76% of the new 77M shares on issue
so 2.531bn shares becomes 60M shares - and there are another 17M shares going out on top of that to pay for the transaction
so 1 share today becomes 1/42th of a share post deal, further discounted by 76/100
That means 0.01809 x20c (re-listing price)
= 0.36c
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