Completely agree, the discount is because investors can see AVL trading at say 1.6c or lower post merger completion, once 3.5 billion more shares are issued. 1.6c at 14 to 1 is about where TMT is trading now. Personally I do think AVL will initially trade lower on lots and lots of selling but once the tree is shaken and those shareholders have departed I also think we will see a series of very positive announcements in Q1 which will send the share price much higher than todays price. Time will tell!
TMT Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
