Ann: SMX Announces Merger With Lionheart III Corp, page-11

This is my take on the future merger value of shares currently held by SMXholders .

A new Co. is to be listed on the NASDAQ called SMX Ireland.

That co. will issue a total of 20m NPS (New Parent Scheme) shares @ $US10 each (= $US200m ISSUE total value),

of which existing SMXshareholders will get 1 of these NPS shares for every 10.2432 shares they currently hold.

Those 20m NPS shares, once issued, are expected to be worth an all-up $US360m, on listing, at the completion of the merger therefore = to $US18 per share.

SMX has 165.854m SOI so SMX shareholders will be issued in toto – 165.854m div by 10.2432 = approx. 16.2m NPS shares in SMX Ireland.

So the total value to SMX shareholders will, IMO, be 16.2m times $US18/share = $US292m.
So, if you’ve got say 50,000 SMX at the moment, you’re going to get 4,881 NPS shares in SMX Ireland.(50,000 div. by 10.2432)

IF these 4881 shares are valued – at the end of “proceedings” - at $US18.00 each,or $Oz25.70 each (presuming 1 Oz $ = 70c US)
= a total value of $Oz125,500

or $Oz2.51 for each share you’re presently holding!!

Have I made a huge blunder with my calculations?? Do they sound just too good to be true?
I don't think so.
If you have a read of Post #: 62740172 by @Rozting you'll see from that post that SMX's share value (once the merger has concluded) -
a) based on just the cash component of $US126m (which is in Lionheart's Balance Sheet per Post #: 62740903 also by @Rozting ) .................should be at least 55c.
and
b) "without attributing any value whatsoever to it's (SMX's) actual business" also in the Post #: 62740172 by @Rozting.

So, apart from @Wise_One - who's already posted comment on the Day Trader's After-Market Lounge Thread today,
I welcome comment from any other posters, with an an alternative merger valuation for SMX shares,
whether = to mine, or even vastly different.
BTW, and Off Topic - altho my “signature” says I'm retired, but still a hotshot, ,
I sometimes feel, now &again - as Murtagh said, during 1 of those ancient Lethal Weapon movies, “I’m getting too old for this tish.”

Perhaps now is 1 of those times, but hope some readers on this stock's Thread have derived some benefit from what I’ve posted.

As for today's (26 July) gyrations in the SP - I doubt whether any traders would have had any time to sit back to grasp, or even do some quick back-of-the envelope calcs, of the massive potential increase in the stock's SP that IMO will occur in the short term so holding, to see what the the market perceives as value, might be the prudent "way to go". .