How can we like a deal we basically know nothing about? Also they did say as part of consolidation they want to raise $3mill. Current marketcap is around $8mill so that's going to be close to another 50% shares issued minimum. So as investors, as a result of this deal, we end up with 45% of what we used to have as part of the merger deal and then shares diluted another 50%. We possibly end up with a quarter of the ownership we used to have out of this deal. Granted we then have an additional arm to the business and $3mill more in cash but is that a good deal for us? Hard to say without more information but unlikely in my view.
- Forums
- ASX - By Stock
- CNNsigns merger - TH lifted
How can we like a deal we basically know nothing about? Also...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online