ctr impact on rrs sp

CTR has a market cap of $8 million and Range owns 24% of CTR.

That means Range has ~2 million in CTR.

Range has a market cap post merger of ~250 million at a 5 cent SP with ~5 billion shares.

Therefore for every 1 cent in SP is 50 million market cap, and every 1/10th of 1 cent of SP is 5 million market cap.

The 5% rise in RRL SP = 12.5 million market cap or 50% more than the entire market cap of CTR.

How does that make any sense whatsoever.

The dillutionh in RRS is completely unbelievable where it would take a serious wild cat to pull of for the SP to move significantly.