Stock prices at the close FCU shareholders get 1.26 shares of DML for every share they own. This transaction brings the number of shares o/s to approx 1 billion shares. Then the reverse split to bring the share count back to approx 500 million. So there will be roughly the same number of shares o/s as there is in each stock now. The .26 of a share bonus compensates FCU shareholders for the share difference.
So the transaction values the assets in each company the same at the close. What are DML assets worth as compared to FCU assets that is the question we all should be asking. This tells us what we are getting for PLS. Can anybody provide what they think all DML assets would be worth if sold . Maybe we are not far off the $3.00 we want !! I have no idea thats the problem !!
One thing for sure if the stock prices remain as they are today our shares would be worth $1.00 after the bonus. .80 x 1.26 = $1.00 no deal for sure unless the asset values are equal.
After the deal share price would double to $2.00
Bottom line this deal will proceed only if DML share price recovers enough to give FCU shareholders fair value for PLS.