For anyone interested in the numbers at play and the ratio of...

For anyone interested in the numbers at play and the ratio of the impending trade.. here are likely the figures being thrown around.

	RMS share Price	Ratio	Shares for TO	Cost of Shares	% Change	$ Change
1	2.21	0.75	768,029,835.13	1,697,345,935.64	7%	226,312,791.42
2	2.28	0.70	716,827,846.12	1,584,189,539.93	8%	113,156,395.71
3	2.46	0.65	665,625,857.11	1,471,033,144.22
4	2.65	0.60	614,423,868.10	1,357,876,748.51	-8%	- 113,156,395.71
5	2.9	0.55	563,221,879.10	1,244,720,352.80	-15%	- 226,312,791.42

The T/O ratio as I call it is currently at 0.62. This has nothing to do with the SPR share price. It represents the number of shares that RMS must use in the script part of the deal and the higher RMS share price is the better it will be for them. So at $2.65 share price they will save approx $117 million in the deal.

Sentiment in these deals is key and my previous ratio for this had SPR share price at $1.315 to RMS $2.46 and an offer of $1.90.

The higher the SPR share price go the stronger the sentiment from current holders to not accept a deal.

At the current SPR share price of $1.36 an offer of $1.90 would only be 39.7% and if history shows, most offers are around that sweet spot of 40-45%. Meaning the offer will be in the range of $1.90-1.96. Which RMS have the extra cash to pony up for a cash settlement rather than an additional script deal.

Subject to the following: Analysis of RMS share price is showing that they are close to a peak but may have one more pump this week before a correction. So 2.65 is certainly a possible by Friday but not guaranteed. So for me, its really D Day for RMS and next Monday is the day. If I were them, I would pull the trigger an make the announcement tomorrow before trade opens. Last time the corrected they went from $2.51 23/10/24 to 1.95 14/11/24 and then again $2.42 12/12/24 to 2.07 31/12/24.

So IMO, RMS the risk is greater than the possible reward and they cant delay any longer.