Before you ask PLA shareholder to signoff for nothing ask one question, what JLP brought to table that so value and justify write down of PLA holder? did brought producing asset? cash? share price? their share price at this moment is peanut! their got jit and producing jit! without this deal their will be jit!
Project finance is a precondition for the merge and it have to be done on the account of JBL not on the account of PLA.
Any debt taken on after the merge will be fairly share by both entity. But JBL have to bring to the table all project finance sorted before the merge begin. The merge should be done at the current market value of both entities.
JBL without the merge on the card worth nothing in current market.
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Before you ask PLA shareholder to signoff for nothing ask one...
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