No interest on the PNR reverse takeover of NAN ?Difficult to understand the stock going down when this RTO Is annonced. Ball park figures : NAN was valued pre annoncement at 100 millions and will end up with 25% of the shares of the new NAN. So, the 75% of NAN which will go to the PNR shareholders is worth 300 millions. IDK owns 9% of it, so ballpark 27-30 milions. PNR was valued at 6 millions at dec 31. Seems like a bump of ..42 to .48 to the NAV of the company which is trading at .85
Am I missing something ?