The stock has been trading on avg over the last month at around 23/24c. So seems a fair price at 23c. I was scared they were going to do it at 20c or something! Also old and new shareholders will be entitled to the loyalty option so seems a level playing field.
New company will have MC of around $9m with $6m cash at 23c
A lot more cash and less risk IMO
Anyone else following any other tech stocks I can look at?
