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Bullboard - Stock Discussion Forum American Bonanza Gold Corp ABGFF

GREY:ABGFF - Post Discussion

American Bonanza Gold Corp > Here's my take:
View:
Post by 81Cam on Jan 25, 2014 10:50am

Here's my take:

Looks like I'm screwed, but I'll hold on to what I've got. I think the new KER is still something to be a part of, and it's better than bankruptcy.  Do you think their only intentions with BZA was to pick-up the mill equipment on-the-cheap and bring it up to Ontario? Anyway - here is a spreadsheet I made this morning...

Before Announcements...
  BZA KER BLG  
Share Prices (as of Jan. 22) $0.030 $0.055 $0.020  
Fully Diluted Shares Outstanding 234,396,111 427,000,000 136,381,545  
Market Cap. (as of Jan. 22) $7,031,883.33 $23,485,000.00 $2,727,630.90  
Combined Market Cap. (as of Jan. 22) $33,244,514.23  
         
Merger of KER+BLG...
The Deal 1.4 "units" of KER issued for every 1 BLG share
New "units" to purchase BLG 190,934,163    
New shares issued 190,934,163 (one share for every "unit")
New Warrants issued 95,467,082 (0.5 warrant for every "unit")
Fully Diluted New Shares issued 286,401,245      
Fully Diluted Shares of "KER+BLG" 713,401,245      
         
Merger of "KER+BLG" + BZA...
Prior to the deal BZA will dilute by 337,000,000      
New fully diluted shares of BZA 571,396,111      
The Deal ("subject to adjustment") 0.54 shares of "KER+BLG" issued for every 1 BZA share
New "KER+BLG+BZA" shares created 308,553,900      
Fully Diluted Shares of "KER+BLG+BZA" 1,021,955,144      
         
15-to-1 Reverse Split of "KER+BLG+BZA"...
Fully Diluted Shares of "KER+BLG+BZA" (after split) 68,130,343      
Current Share Price of KER $0.050      
Expected New Share Price (after split) $0.75      
Expected Market Cap. (after split) $51,097,757.22 The market has not priced in the deals accordingly?
         
How This Affects Me...
My Current Shares of BZA 130,800      
My Value (before anouncements) $3,924.00      
My new shares of "KER+BLG+BZA" (before split) 70,632      
My new shares of "KER+BLG+BZA" (after split) 4,709      
My Value (after the deals go through) $3,531.60      
Comment by Z06 on Jan 25, 2014 11:43am
Now that's good math. STOCKIDIOT must still be trying to figure it out. Don't forget that 90% of the time after a stock split, Stocks go down. Good luck my friend
Comment by Z06 on Jan 27, 2014 12:02pm
Where did all the scum go. Scum pumpers, all wrong losers.
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