RE: RE: RE: Is TARM buying TRGD really good?Sure there are many TARM shareholders that are not TRGD shareholders but they are the clear minority. Since TRGD owns 80% of TARM at least 80% of TARM shares are owned by TRGD shareholders - so TARM should always act in TRGDs best interest.
TRGD was clearly valued too low. If TARM had offered to take them over at their market valuation they would have basically paid 22 TARM shares for 40 TARM shares plus some cash plus some stocks plus some prospective properties.
As the offer stands TARM dilutes less than 20% to get the TRGD cash, stocks and properties. That doesn't sound too bad to me, even for the TARM shareholders that are not TRGD shareholders, since the properties DO sound prospective to me and many other junior firms dilute more than that just to shovel cheap options to their management.