Calcs fine but potential earning are what is effected not MMX owning 52%. Who cares its a new entity anyway at that point to some degree. cause you still will have the im a MMX vs im a MIS for a while specially in management.
The problem is MMX got valued on todays share price. MIS got valued by what Sino was prepared to pay & future earning. MIS board said no we worth more so pay more based on potential.
MMX got no such luxury. Instead of saying what we want to receive. We got desperate & did a deal at any point.
I will not be accepting the merger at its current ratios.
MMX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
