Sizzle is currently worth US$158m (A$247m) on the NASDAQ as a SPAC.
Their own description: "A blank check company seeking to invest in a great consumer, food & beverage, food technology, property technology, restaurant, retail, or hospitality business."
EUR is currently worth A$140m on the ASX
This will be the only actual physical 'asset' in the merger let's remember that.
Combined MC in AUD therefore A$387m.
Where are they getting US$750m (A$1.17b) from????
How can they list it on the NASDAQ for that and hope to get away with it when their combined listings currently (one being an empty shell SPAC) is US$247M??? Where are they coming up with the extra US$500m in valuation from ??
It's as dodgy as it gets, which is of course absolutely no surprise whatsoever coming from this company. Weren't we buying a bankrupt nickel mine in Tassie a few months ago? What's going on with the random million dollar loan to Tony's other completely unrelated indebted company Cyclone Metals? How much cash does EUR still currently have on hand?
Why, if EUR is so greatly undervalued etc as many pumpers here endlessly claim, could Tony and Dietrich not get any funding for it in it's current form?? Why the need for all this smoke and mirrors and inflated merger with a shell company instead of just normal project financing and possible equity stakes from major players?
These are the questions I'd be asking imo, nothing makes sense with this company, how can people not see that? But hey, each to their own...
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