RE:RE:Newco assets fall to the lowest since announcementFrom my understanding, if half of the $0.607 is paid in cash and the other half in NewCo shares,
GXE needs to trade at $0.31 to value NewCo at 0.
If NewCo has 20m less 7m in transaction fees, it is left with $13m.
For 40m shares, the cash component is 13m / 40m = $0.325 / Newco or $0.11 / GXE share.
At $0.46 / GXE (where it trades today), NewCo assets less cash is valued at:
$0.46 - $0.3035 (cash) - $0.11 = $0.0465 / GXE share or $0.153 / NewCo share.
Looks like I see what you see. Isn't it a steal at this price or just the complete lack of credibility of the Board of Directors?