So if DEG acquire GOR it can cancel the 17% SoI and increase share price. But how does it fund the acquisition, I doubt banks will lend without cashflow.
Find it difficult to see the funding in this scenario. Cancel 17% at 1.20 and reissue at $x.xx as insto placement to pay for GOR.
Anyone interested in explaining the process to a pleb?
Money of Mine editorial, page-3
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$1.19 |
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Mkt cap ! $2.852B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.19 | $5.423M | 4.522M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 45410 | $1.19 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 1000 | 1 |
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