GREY:ISYRF - Post by User
Comment by
fatcharlieon Nov 06, 2019 7:33pm
101 Views
Post# 30318304
RE:RE:Some Positives
RE:RE:Some PositivesMaybe but we have two companies undervalued in terms of share price. If you had a 1,000 shares of ITC @$1.55 worth $1,550 at today's prices.
Under the terms of the deal you have $550 cash or 55 cents/share and you get roughly 213 shares of LTRX. Today's net value of LTRX without this deal is $4.25/share (quite undervalued we are sitting around $3/share). The share price of LTRX will definitely go up after the deal. So even at $4.25 a share times 213 shares you have $905US x 1.30 exchange $1,176 Canadian plus the $550 cash=$1726 Canadian or roughly a 11% premium over today's prices.
I might be wrong but it looks to me this deal will push up LTRX to around $5US/share fairly quickly. I might pick up more ITC in the confusion and start a small play in LTRX based on what I see. Seems there is a lot more positive comments on the US side for this deal with similar predictions as what I have done that LTRX will move higher. I guess only time will tell if this scenario comes true.