I hope so. In fact I would pray for it. It would make my buy look good. There was some chatter from UK saying that they expect a sixfold increase on relist. They also show example of Justeat.
To meet the rules, I understand the shares have to trade at 2 cents meaning a 1:20 consolidation. At present the MC is say $1.877M with 1.877B shares. If the deal gets through and it is 1 for 1 the new shares will be 3.754B plus a few for performance and employee etc, say 4B with a new value of $4M. Consolidate 1:20 gives 200M shares @ 2 cents. Just eat is worth 4B GBP MC and listed at 1.3 GBP MC and has 64000 restaurants signed up. You would need the MC to grow to $480M without any CRs and more dilution. Bigdish is in this to access the market and the markets money.
Sell asap and rebuy at the lowest you can and use the CGT losses. Just thinking out loud.
NYO Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
