You're a smart cookie
@Sjlasx
I think A40 wise, when working out an acquisition price we would need to factor in the Tribeca consortium debt, which I think Galaxy is a part of, and also the other debt which was for reduced pricing in the offtake and was put off till 2022/23? - I think that's right.
Account for stock they currently have which can be sold, and offset it to both debts.
Using the above the end result would need to be taken away from the market cap, I think that needs to be adjusted down prior.
One thing that is worth bringing up is that the share price of A40 took off from 7.2 up to 8.2 on no news just before going into Halt and then Suspension.. Some might speculate that something was trying to buy as much ownership as possible knowing they were about to go into suspension, or it might have been a way to boost up that market cap just prior.
But then, we could go through and work all that out and then... well, I am thinking Galaxy might push it off a cliff and into a fire sale, but as a saving grace to current holders offer 1 Galaxy share for every 30 Alita shares in a take it or leave it offer.
Remembering that Galaxy can block a take over, and an Alita customer is also one of the holders that can block. They wouldn't want their offtake going elsewhere with a shiny new converter being built.
Something else... Those options for Martin & Anthony. I realise that this has been a watermark set that Martin & Anthony will meet to get those shares, but think about it like this. Why would they bother to get to $2.70(something) when they can buy them where they are now..
60% cheaper.
What incentive do those options offer them?
I don't see any incentive nor value. Am I missing something?
Just a few ponderings.. hope they add value to someone else's thoughts.
