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
MEO Price at posting:
1.7¢ Sentiment: Buy Disclosure: Not Held