GREY:RNSFF - Post by User
Comment by
petesfreak15on Apr 19, 2021 9:20am
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Post# 33020994
RE:You will get RECO shares and still be part of the journey
RE:You will get RECO shares and still be part of the journeyLttle correction on your statement. They didnt agree to a price. They agreed (in prinicipal) to a share swap (.046 per 1)
(Pursuant to the LOI, ReconAfrica will issue to each holder of a Renaissance Share 0.046 of a common share of ReconAfrica (each whole common share, a "ReconAfrica Share") (the "Consideration")
So, higher price will not mean getting less shares. Means it is valued more, but it is irrelevant to RECO as thier share price would also increase. It's the AMOUNT of shares they are 'buying'.
I think people are upset as they see that this could have doubled again this week, and made more than the buyout. however, long term this is a big play and you get shares in the other company that can now be bought out by a BIG player.