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24/07/19
08:03
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Originally posted by Luke164:
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Serious question, not posed to anyone in particular.. but read into it how you will. Did people not factor in that QBL/CGB only ever owned 55% of MCL beforehand? Did they somehow think QBL/CGB had 55% voting shares in MCL, but 100% equity rights? I find it both very curious and interesting that individuals would say the SP will simply 'halve' based on the fact there is 'no more value' in acquiring the balance 45% MCL (though in reality, it's a share swap either way.. so minimal dilution to holders from this acquisition, not '45%' or 'half' dilution). I think ones valuation would appear to have omitted the fact 55% was only ever owned if they are making this claim now? Was there value in the 55% only somehow, and not the other 45%? It may go either way & I get the opinions basis - don't get me wrong - but something to ponder, because it's an odd one.
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The markets will decide the SP, when relisted, bottom line all the noise on here is blah blah blah, no one knows what is going on due to know announcements. Best to wait for the ride. we all knew the risk before we jumped on board