RE:RE:RE:RE:Is 4.2 cents CAD per share a reasonable IPO Price ?Majestic will have 9.4 billion shares of Peristence listed on the HKEX.
HKEX is open to foreigners holding and trading in HK stocks .
Opportunities exist to sell Its Persistence stocks under certain approved restrictions
In it's financial reporting, those Persistence equities will be listed as assets with the current value along with the investment gains and losses included in majestic earnings or losses.
If the March 2022 statement about the material transaction details of the HJEX remains true.....4 times increase in Persistence equity value..that quarter of the initial HKEX listing Majestuc is going to show a massive investment gain in the earnings statement.
Then of course are the gains in Persistence HKEX equity as its inorganic growth ( acquisition ) begins
snow balling and elevates its share price along with its gains due to SJ production gains and cash flows.
Taken together, and considering the expressed intent to heavily promote Persistence once it is listed on the HKEX, Majestic both through its Zonglia asset production gains and equity position gains in Persistence equity on the HKEX is going to be a major home run for us shareholders in 2023.