GREY:SHGCF - Post by User
Comment by
MrAndersonon Feb 06, 2014 10:22pm
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Post# 22182306
RE:RE:Getting taken over
RE:RE:Getting taken overLLEX is trading at $3.44USD per share and they said they are paying by issuing 6,700,000 shares.
so my napkin math says $3.44 /.9 exchange rate * 6,700,000 = $25,600,000 or there abouts as the purchase price. Now our market cap is currently about $20,000,000 so that is a premium of about 25% so with our current share price of 2.10ish the buyout is at $2.63.
If investors thought that a better offer might come in we would trade at or just over that level, if they feel that this is likely the only offer then it will trade at a small discount to that number as some people will always be willing to take a bit less to get their money now and move on instead of waiting.
Anyways its just all my opinion.