CMY - Big news...but
Nice and leaky there isn't it.
at least they are in a TH.
Here is my basic assessment posted on CMY thread as many are forgetting to add in the shares for vendors.
"They
will have to issue shares to the vendor.
If they both have equal cash, Livn isn't getting anything unless they get shares apart from a shell ready to go, say saving $1m
Lets say we use 761m before last 100m raise, we end up giving vendors say 50% another 761m shares.
Valuation $22m/ 1.62b SOI = 1.35cps
or 125% from closing price at valuation."
Seems like a very interesting RTO, with some very big names behind Livn.
I am in 2 minds whether to sell all on open or hold 1m to see were it goes..hmmm
@TraderGT
