Assuming the con ratio is 5:1 then existing SH of Odin are getting 47.4% plus $4m approx in cash of Gridcomm. Sensational deal for existing SH'ers of ODN.....think about it Alex could of stipulated a price of 20c a share therefore existing SH's get diluted to heavan and we have a controlling stake in the co. Further the Gridcomm founders and tech guru's have alot of skin in the game to develop the software further and sell more to end users. Personally I don't think it will be 5:1 but alot lower than that ie 2.5-2:1 once (SP of bw 4 & 5c) all gridcomm SH'ers sign and the investing world gets word of it!!!
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