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Bullboard - Stock Discussion Forum SOL Global Investments Corp C.SOL

Alternate Symbol(s):  SOLCF

SOL Global Investments Corp. is a Canada-based diversified international investment and private equity holding company, which is engaged in investing in small and mid-cap sectors. SOL Global provides growth capital to small and mid-sized businesses. The Company’s investments range from minority positions to strategic holdings with active advisory mandates with an objective of providing... see more

CSE:SOL - Post Discussion

SOL Global Investments Corp > Question Damon Motors going public.
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Post by zzcomic on Nov 09, 2023 11:15am

Question Damon Motors going public.

So Damon motors announced that it's going public via reverse takeover with Inpixon. Damon estimated at $225-$284 million. Lets just say $250mm. Inpixon market cap is a little over $10mm. So if they join together ( approx $260mm ) and go public, Damon gets 81.25% of new company and Inpixon gets 18.75%..... So why is Damon putting in 96% of the value to only get 81% of the resulting company. Also House of Lithium..... If SOL put all their shares of Damon, Tevva into HOL to form the company, why do they only own about 62% of the company...... WHO owns the other 38% and wtf did they put into the company.  Their press release states they "contrubuted" their shares into HOL.... No answers from the company on either question.....
Comment by BobbyGT on Nov 09, 2023 10:33pm
I was thinking the same thing? What do SOL shareholders get from this? How could our NAV be $.72 cents a share? How much have we invested in House of LIthium. Does our NAV include the House of LIthium investments? Why has there been no mention of REBY, wasn't SOL buying REBY for $100 Million? 62% of House of Lithium, who gets the other shares. Do SOL shareholders get shares of House of Lithium ...more  
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