TRANSEASTERN POWER TRUST 7.5 PCT DEBS V.TEP.DB

RE:RE:RE:Blockchain....

[Teatimenow]

Read SEDAR fillings quickly.

So HIVE has 265million shares Basic
+
25.3 million Options
=
Fully diluted: 290.3 million * current SP of lets say 3,6CAN$= 1,044 Billion Can$ Marketcap

acc. to MD&A Hive has: 
"HIVE has a pathway to significant growth to maintain its position as a market leader in the blockchain infrastructure industry. Since the Company’s initial acquisition in September 2017 with a capacity of 2.05 MW, the Company has agreements in place to increase its capacity to approximately 17.4 MW by March 2018."

-> I don`t know if expansion is fully financed to 17.4MW expansion.

VS.

TEP.UN

has 
current units basic 50million
+
warrants 15.5 million
+
todays financing:
84 million Units 
+
84million warrants @0.8

= 233 million  units fully diluted POST deal * current unit price of 0.77 = 179,41


So essentially my understanding is that sometime in Summer 2018, HIVE will have 17.4MW and 
TEP will have 10.4 MW.
The market values those future 17.4MW at about 1 Billion for Hive
and
the future 10.4MW at 180 million

+
The Wind project which will be fully owned by TEP certainly has some value too.
Hive as far as i know does not own any power sources.
The proceeds from the warrants, if exercised would enable to pay back all debt and give an additonal 25mm in cash after full debt repayment.