It seems to me MEO is going to end up with a 15-20% free carried interest in Artemis, and a sizable amount of cash..say approx $40m and a few grand plans but nothing else. Market cap still $155 million. Hate to think what it got to.
I am not sure what else Moby have, but they have a 15% free carried interest and are capped at $19m.
I wouldn't be blaming management or anyone else. MEO just got way over-hyped.
I don't own shares in either.
MEO Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held