INTRINSIC VALUE is $0.74/shareThe stockholder equity PRO FORMA is ~$195 million now.
Since the shares are 266 million now (Maurel shares will be cancelled after contacting TID's CFO), the INTRINSIC VALUE is:
195 / 266 = $0.74/share.
The pps is now at 0.14 which gives PBV =0.19 although TID is now fundamentally much stronger with much less debt and full of cash than before the deal with Maurel.
This is why, the current pps is dirty cheap !
and do not forget that now PRO FORMA the insiders have 21% of TID (56 million shares) which is the highest insiders ownership in the sector.
and do not also forget that TID will be sold one day AT LEAST at PBV=1 ......according to the deals of the sector, the acquired companies had PBV from 1.3 to 2.4.