Bullboard - Stock Discussion Forum IMEX Systems Inc. V.IMEX.H

Technology

Imex Systems Inc provides technology and solutions for eGovernment, Smart Cities, and Digital Payments, and provides consulting services on various aspects to government agencies. The company offers iGov; which is a modular Smart Government framework, helps to deliver services and information, automate internal operations, and improve staff productivity. The iPay is an integrated multi-channel,... see more

Add To Watchlist

TSXV:IMEX.H - Post Discussion

IMEX Systems Inc. > This is Actually Good News.

View:

Post by LongTbuffet on Apr 27, 2019 7:14am

This is Actually Good News.

This is actually good news for the current shareholders of IMEX. Part of the agreement NexGen will cover all legal, Audit and closing cost. Assuring this is done in a timely manner.

The consolidation from 3 to 1 will bring the total current share count from 46.5M to 15.5M leaving a valuation of 6 cents a share. New owners will own 18.5 Million of the float / 52%+++.

Assuming the private placement of 2.5M or 5M is to buy out the majority shares of the new formed company we are looking at a worst case scenario of between 16 to 25 cents valuation post consolidation. So that’s roughly 3 to 4 times current valuation. I will take that.

359