Post by
ConnectTheDot1 on Mar 06, 2019 7:27pm
Deal too expensive! Too much shares!
Yes...I understand that they're confident or is it another way to exit Spark for liquidity! Entered in LOI on 28 February, but the previous closed price was 0.44$ But they valued only 0.26$! For 15M shares so 3.9$M Meaning that DNAX 81M @26cents = worth only 21M$!!! That's simply the way to get more shares!!! I'm upset because they make the deal for their own interests, not the DNAX shareholders! :-( Let's say : 4$M @ 0.40$ ...10M shares! 1/3 or 5M shares Less!!! Right now...it is lower than the financing 0.30$ a yr ago!!! We'll see the reaction tomorrow...!
Comment by
knowSomething on Mar 06, 2019 7:51pm
Nicely said and explained... tomorrow is going to be volatile!
Comment by
LaserStock29 on Mar 06, 2019 8:12pm
Im reminded of that scene in rounders... 'He's still got till morning to make good'
Comment by
ConnectTheDot1 on Mar 06, 2019 8:20pm
Thanks for your comments! By not mentioning the amount of the deal...but only just 15M @0.26$! That reminds me of a Chinese stratagem: Stir up the water to catch fish!