MEO meo australia limited

Trident

  1. 2,950 Posts.
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    I bet the Trident directors and shareholders are over the moon with their deal with Mosman.
    They swapped their 14,464,888 shares for 2,892,978 Mosman shares ie:5:1 ratio.
    At the time of the offer Mosman was trading at .2275 pence = .45 cents AUD = .09 cents AUD. after 5 for 1 swap.

    Therefore value of deal to Trident was $1,301,839
    Mosman now trading at .0475 pence

    VALUE OF TRIDENT SHARES NOW $271,128

    $1,030,711 down the tube
 
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