Post by
Newstock44 on Dec 07, 2017 10:50am
Axy last week?
Well my guess is we may have a week to be swolled up by a new team. My guess is material girl is a happy camper, but for me I don't realize the advertised 1.1 billion does not equal 58,307,012 shares that are equal to 32,436,191 shares at today average (14.45) only equals about 468 million. Why do they say valued at 1.1 billion, value of iaxy is 427 million US according to sept 30th 2017 unaudited balance sheet they send us. Buy INE cause they are getting a deal....or wait to see what Axy shares will do for the next week..vote also includes all those happy bankers that made there 35 percent so it may be hard to stop.
Debt to Axy doesn't mean the same as debt with INE unless they have an officer lending money out for Pawn type percentages..cheers to all.
3 weeks till first dividend if you move now (.165x.5563)
good math is better math...
newstock 44
Comment by
SimplyRunRig on Dec 07, 2017 11:41am
The 1.1B includes the debt, that's just how these things are valued. But yes the cost of debt will be lower for INE, but it's still the same amount of debt.
Comment by
BoldForbes on Dec 07, 2017 12:32pm
Newstock44, Did you sell AXY to buy INE? The INE dividend for existing AXY shareholders will probably not be payable until March since the merger will not be finalized until 2018. BF