With so much support for your post mOngy, I can see why this forum has been "saying all along" that the 4.81:1 is "fair".
As a NME holder, my acceptances would have been signed in November if your calculations were right, as your numbers suggest the offer is actually 6.29:1
My calcs are:
MCT shares 2143m
NME shares 267m
MCT total shares after acquisition 3424m (267 x 4.81) + 2143
Offer to NME 1284m
Therefore 37.5% for nearly half of the company.
Ann: NME - Change in substantial holding for NME, page-51
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Mkt cap ! $8.971M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $70.88K | 35.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 158472982 | 0.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 16921409 | 4 |
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