RE:RE:Merger DD: Pre-Merger Financing Is Good For SGNLDDD,
"At today’s NEXG's market cap of $61.73M, that represents a market cap of (If X is SGNL MC then X=0.35×(61.73+X))=$33.24M for a 13 cents share price."
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that to me is good news, but terrible news to me at the same time
:(
Does that mean the almost 50% they are diluting SGNL before the merger is fair?
The financing is for 8.7 cents. With a half a warrant at .118.
So if this is worth .13 as per your calculations. The warrants are already in the money. The 8.7 cent shares you say are worth .13. A gain of 4.3 cents, or 50% more immediately. Plus the warrants.
And the 50 million warrants from the SGNL side do add to the dilution, and eventually there will be a cost to the new company because of those warrants.
Are you sure that it is worth 0.13 a share? Because if it is accurate, well then somebody negotiated a terrible deal.
Almost a 50% dilution.
Can you check your numbers again? I've been hard on myself. I can't figure that hard math out in my head anymore.
Thank you for your contributions.