GREY:WEWWF - Post by User
Comment by
ddunon Jul 30, 2015 10:25pm
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Post# 23978504
RE:RE:BSM Technologies/Webtech merger
RE:RE:BSM Technologies/Webtech mergerAs you will find out in the next few days, the price today is totally meaningless. The combined company under the new TSX listing with the BSM name will trade up. It was beaten to the ground so that the two major shareholders in Webtech (Polar and Goodwood) could get the right share exchange ratio. Now it will start trading up and at $1 the valuation is $2.66 and at $1.25 per BSM shares the valuation for Webtech is $3.19. It is not unreasonable to expect BSM to trade eventually at $1.50 in which case the valuation is $3.75. If we don't like price we can vote against but I think it will all work out. This is also an opportunity to get a position in Canada's pure wireless play company. I also think BSM is the Trojan horse. The breakup price is so ridiculously low that other Buyers can step in and bid up the company. Stay tuned and keep your seat belts on. We are in for a fun ride!