If you strike a deal at a particular share price under which you will receive a fixed number of shares, do you think it's appropriate for either party to the deal to try and change the number of shares to be issued in the event of the SP moving either up or down prior to settlement?
In this instance the related party vendors of Appstablishment took a long term view of the SP and they are bound by their decision thanks to the escrow period. Good old wrcmad likes to tout that the acquisition cost $50m because of the value of the SP at settlement, however, given the shares can't be traded yet isn't it just as fair to call the acquisition value $22m based on today's SP? Or why not just stick to what the acquisition cost actually was when the deal was done and announced to the market at a SP of $0.007.
I mean if you bought shares at 0.007 and then the SP goes up to 0.06, you wouldn't expect to have 90% of your shares stripped from you, would you?
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 12616236 | 1.1¢ |
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Price($) | Vol. | No. |
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19 | 7920556 | 0.010 |
9 | 4242884 | 0.009 |
3 | 10124931 | 0.008 |
3 | 5232562 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 819012 | 2 |
0.013 | 5291890 | 14 |
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