RE:Lost supportUndervalue: A rollup strategy is great in any business when you have overvalued shares to issue for real assets with cash flow, appreciation potential, blow replacement costs etc.
In this case with Madison Pacific it works the opposite. We issue what we think are undervalued shares to the control shareholder for assets that are purchased at probably FULL PRICE or maybe a bit more.
The Public Co receives NO VALUE as the shareholder did not purchase the shares from treasury FOR CASH, but in an exchange for an asset that we already participate in at 50%. So, we get no cash, which we don't need anyway, we get diluted, and we lose diversification in the asset base.
It is right to consider that buying the shares at the same price or less than Grippo is probably the right move here in the short term. To decrease your and my dilution