TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-111

  1. 19,607 Posts.
    lightbulb Created with Sketch. 272
    I think we may find that Talon will not be forth coming with too much "valuation" info until deemed market value is decided.

    It would be it their (maybe ours) interest that Talon starts at a lower price when they hit the market.

    At the date of the merger a deemed market value value will be assigned to TXN shares rolling into SEA and Talon shares.

    This will trigger (for me at least) a cystalised loss on entry into SEA and the birth of Talon.

    If Talon had a higher deemed value of say $0.18 and on the first day of trade opened at $0.10 then we would have a double whammy of another cystalised lost if you were to sell.

    I think, no I pray, these guys know this hence the need not to really promote Talon until they hit the market.

    Then again they do they a sensational track record in self promotion...lol.

    Once they hit the market, then I would expect Roundhouse will be revealed in all its glory.

    Drive the SP up, via new players coming in. Whilst some choose to abandon the Talon ship. Any news releases would be designed for a CR sting imo.
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.