anyone following this one?, page-6

Very quite forum.
Thanks gijoe for your summary.
Many don't know what MWS will look like after merging with SFG or what the enlarged entity will be worth.
Sequoia is entitled to 70% of MWS issued share capital ,BASED ON A MINIMUM EX RIGHTS ISSUE PRICE OF 0.0075/SHARE ( it is notable that SFG was buying up to 0.011)
I crunched some numbers....All rough figures.
# After the merger MWS will have a total of 3bn shares,of which Sequoia will hold 70% or roughly 2.2bn shares.
# Based on "minimum issue price of 0.0075", this gives an implied MC of $22m.
# Combined revenues of MWS & SFG is pre merger amounts roughly to $30m.
# Likely synergistic effect post merger will see marked lift in revenues & margins.
# likely share consolidation willoccur after the merger.
# Further CR to strategic investors is on the cards post merger ,but at a much higher price....more like 1c.....The previous discounted rights issue was basically for major shareholders' benefit.
I can see MWS with a market cap of at least $50m within a year or two.....With 3bn shares on issue ,this will be be a 5 bagger.
I hold 1% of MWS.