I'm not so sure on all of this, obviously AGC are taking 22m shares and diluting us by 8% on $2.5m they have already paid us to try and recoup some of their money they have paid RGS, yes at 16c but then we have this unkown extra where I can't work out what they would think the JV is worth or is it in the company:
"As part of the termination of the agreement, Regeneus will acquire all of AGC’s shares in the joint venture at a price equal to 50 per cent of the Company’s value as at 31 December 2018"
So the company closed at 18c on December 2018 but they talk of 50% of the company's value, not the JV value, it's rather ambiguous??!!
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4 | 16374 | 0.400 |
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