TSXV:BTRU.H - Post by User
Comment by
red2006on Apr 17, 2018 6:33pm
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Post# 27901147
RE:RE:Another week or so
RE:RE:Another week or soAccording to the previous releases if the deal closes the number of shares increases to approx 80M. The Hong Kong group is willing to pay approx $ 3.75 per share so they are valuing the company at $300M Canadian,
The company is currently being valued by the Canadian market $ 48 M (assuming the 30M share dilution of the deal ).
Clearly, there is a big disconnect between what the Asian investors feel is the opportunity for online education in India and what the Canadian market values the company at . Supposedly, more than half the people in India seeking education will do it online in the next 10 years. It wouldn't be the first time the market got it wrong.