RE:RE:Tidal Royalty merging with Michicann!!!!!From weedstocks on reddit:
As a Total Royalty bagholder (wtf was I thinking?), this is a promising turn of events. Time will tell if it's actually a benefit to existing shareholders, though.
Tidal currently has 261M Issued & Outstanding shares, which will be consolidated 8:1 for a total of about 33M shares. There's another 150M shares reserved for issuance. I assume these will need to be converted prior to close of the merger (?), resulting in a max of 20M additional shares after consolidation (though many are otm im guessing). So, a total of roughly 50M total shares after the 8:1.
Tidal will own 20% of the merged company, MichiCann will own the remaining 80%. Of True, that means roughly 250M total shares post merger.
At tje $800M mkt cap value projected in this article , that is a share price of roughly $3.20. Not bad considering Tidal has been trading around $1.25 lately. I'll still be underwater, but this will help.
There is a ton of speculation in these numbers, based on the very rough numbers provided in the article. Also, my math may be off and/or my assumption may be incorrect. Don't rely on anything I've said here.