I work out that we non "Gandel" shareholders will get 58mill of the AYC shares(plus cash)(2.3mill + 319k cash)total =2.62mill
leaving round
111mill AYC + 56.5mill to go to Gandel as well as the W.A permits ..
Now using the same Value 4c for AYC 1.8c AYCO = 5.5mill+W.A permits ..... take off the 1mill loan so 4.5mill
then as Gandel will pay us 319k in cash bonus =4.18mill est
Now I don't see any value in Gandels ORS opts as ex price will be higher than current SP
So Basically Gandel 41.1% gets $4.18mill value Plus ORS permits free bonus!!!
And us majority holders 58.9% get $2.62mill
pretty poor really when you breakin down >>> should be a 50/50 break IMHO
we should be getting all the AYCO as well !!!!! extra 1mill to make it 100% fair IMHO
All IMHO could be wrong with my numbers
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