GREY:GDPEF - Post by User
Comment by
LeftBookon Jun 16, 2019 11:59pm
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Post# 29830991
RE:RE:RE:Used to think
RE:RE:RE:Used to thinkOdd that Leigh would say that a shell with tax credits would be top bid.
How much would an empty shell with $20M tax credits be worth ?
Say, $10M for the credits and the shell
For George Young's investment bid to be weaker it would have be $20M and 535M shares at 3.74c
175M+535M=710M shares
(10.8 + 20)/535 = 4.3c/sh
If the tax credits are more valuable than George Young's investment dilution has to be greater for it to be worse than an empty shell.
I am leaving the share count as-is.
I imagine there would be consolidation to clean the structure.