Buying 10 000 GXE at $0.47Cost $4 700
And gives 5 000 * $0.607 = $3 035
Plus 5 000 * 0.3035 = 1 518 NewCo shares at a cost of $1.097 / share.
Almost 50% off the evaluation of $2.
Newco already trades at half price what the Board of Directors are pitching to their own shareholders. What a fiasco!