GREY:LSTMF - Post by User
Comment by
kmappon Aug 05, 2016 12:48pm
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Post# 25114443
RE:Back To Court Today
RE:Back To Court Todaydarkstream, is your math correct? As per news release, a consolidation of approximately 88 existing Common Shares for one new Common Share, so 10,000 existing shares turn into 113.64 new shares by my math? 10,000 shares today at $0.10 = $1,000 so post consolidation those same shares are worth 113.64 shares x $8.80 post consolidation = $1,000. Right now LTS trading at 0.145 which equals $12.76 post consolidation giving the new LTS a market cap of 1.276 Billion? Does this sound correct to you? kmapp
darkstream wrote: -seems like week to week extensions until a vote -it could happen very quickly or drag on -who Knows -first hurdle is to get the extension -should the deal occur and that's 50/50 chance your 10000 shares turn into 880 shares -will they be worth $2.50 each to start out even off the current price? -concerning is the 500M debt still remaining after the deal?