RE:RE:RE:RE:RE:Do the mathThank you for directing me to the quarterly report. Please see the statement (c), as it confuses me and perhaps you can explain something to me. Here it is:
(c) Canntab would then amalgamate with Telferscot, recieving 4 post-consolidated Telferscot shares for each existing Canntab share, or about 23,852,000 post-consolidated shares, representing appxomately 97.3% of the share float of the combined entity.
I think this might be an error on the part of the company. How exactly do you get 23,852,000 post consolidated shares, when you get those shares by consolidating the pre-consolidated TFS shares at a rate of 200:1. There are only 114M pre-consolidated shares. So you should get around 575,000. Isn't that right? Where do the 23.8M shares come from?
In any event, if you take out the middle part of (c), you will see it says that Canntab will receive consideration representing 97.3% of the share float of the company. This means that the current TFS shareholders will have 2.7% of the company's value after the deal, split among 114M TFS shares that are curently held.