For what its worth, here is my analysis on what ODN holders are getting.
Key assumptions are that consolidation will be designed tomake the sp of the new entity 10c
Gridcomm is worth $40mil (This figure is a bit less than whats implied by what Gridcomm holders are receiving.)
Its a clever deal that causes roughly the same amount of ownership transfer whatever the price of ODN now
Oh yeah - its definitely a buy, though we may not get as rich as we'd hoped
Looks like we're in for a 25 to 30% gain
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 1 SP consolidation to 10c odn market cap cap new amt odn shares proportion owned value gain criterion gain 2 0.01 10 3.17 31.7 0.109803 4.392103 TRUE 39% 3 0.015 6.666666667 4.755 47.55 0.156132 6.24528 TRUE 31% 4 0.02 5 6.34 63.4 0.197878 7.915106 TRUE 25% 5 0.025 4 7.925 79.25 0.235688 9.427509 TRUE 19%
Now criticise me :'(
For what its worth, here is my analysis on what ODN holders are...
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