Sorry to burst your bubble but 92E isn't suddenly worth 65c.
Atha gives up a stake in the merged company that is above 92E (and LUR's) current market value. But just because Atha values 92E at 78% higher and LUR at 68% higher doesn't suddenly mean they are actually worth more. Atha uses these inflated values to come to a market cap of around $270M...but if you simply add the current market caps of the companies its probably closer to $200M with 92E having about a 25% stake.
And I heard you say LUR did go up 68%...Well no they didn't! They are up to 23.5c from a low of 16.5c which is up less then 50%. Still very decent but not that good if you look at the price of LUR less then 3 months ago when it hit 31c... So 23.5c is only about the mid range over the last 6 months. Atha did this merger at an opportune time.
92E Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
