RE:RE:RE:RE:RE:INSunstone,
Here are some numbers that may interest you;
WZR received a buyout offer of $1.46/share(476,600,000 shares out) for approx. $695,836,000.
The rights offering at $0.65 for a minimum of $200,000,000 (backstopped by Crest) and a maximum of $250,000,000.
Since the offer is backstopped(insured) it is highly unlikely if not impossible for the market price to drop below $0.65.
That being said the dilution would be as follows;
Based on the $200m = 307,692,308 additional shares
Based on the $250m = 384,615,384 additional shares.
Post rights valuation based on buyout offer plus capital raised should look like this;
Based on the min of $200m. $895,836,000/784,292,308 shares = $1.14/share
Based on the max of $250m. $985,836,000/861,215,384 shares = $1.09/share
These numbers are notwithstanding any increases to contingent resources or increases in production as a result of present albeit halted operations.
Hope these numbers help with your investment decision. As always DYDD is key here.
Now lets hope that the gains/victories continue on the ISIS front!
GLTA