RE:RE:RE:RE:RE:Conflict of interesrCORRECTION
30 Sepember 2019 TEI shareholders equity 41,183,169 $
31 December 2019 TEI shareholders equity 41,183,169 $, 145,128,518 shares
31 March 2020 TEI shareholders equity ???????????
TEI shareholders can not give this sharehoders equity of 41,183,169 $ for less than 450,000 $ paid in shares of I3e at an exchange rate of 0.0281 I3e share for 1 TEI share
The I3e shareholders equity is 51,051,843 $Can (30,030,496 pounds x 1.70), added 28,000,000 TEI Debts, tottal equity = 79M$, and 93,830,000 shares
Base on shareholders equity a fair ratio is 44% of the total value of both companies together 0.343 =(41M$Can / 120M$Can) total nbr of shares 142,712,048
Both companies together
I3e shareholders 93,830,000 shares, assets 79M$Can
TEI shareholders 63,721,299 shares, assets 41M$Can
total 142,712,048 shares, assets 120M$Can
FAIR Exchange ration 0.44 = (63,721,299 /142,712,048)
0.44 I3e shares for 1 TEI share base on assets