Post by
kcmkcm on Nov 24, 2017 10:33am
merger
Considering at the merger details, for those looking to buy first cobalt (fcc) there is better value buying cobalt tech right now (csk) 1000 shares of fcc at today's high would cost $1090. $1090 would buy you 4638 shares of csk. After the merger you would get 0.2632 shares of fcc for every share of csk. You would end up with 1220 shares of fcc which at current prices ($1.09, today's high) would cost you $1330. I suppose the risk is whether or not the merger, which has already been aproved by shareholders, actually takes place. And you might want to check my math on that. Also, the numbers are constantly changing with the stock price of the two companies but do seem to stay in csk's favour. It's possible I'm missing something so let me know if that is the case.
Comment by
v1per12 on Nov 24, 2017 10:36am
I was actually just coming on to ask that. I guess your risk is that the price drops once the merger happens...
Comment by
diamondyessnono on Nov 24, 2017 12:12pm
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Comment by
badguess on Nov 24, 2017 3:40pm
Right now FCC is being offered at 80 cents on the dollar through CSK but you have to hold for 2 weeks and take the risk the deal might fail. On the upside FCC might just keep plowing upward as cobalt is a magic word in the media. Seems pretty good to me.
Comment by
Ciao on Nov 24, 2017 4:06pm
Risk of closing is slim with shareholder approval and all the work FCC did for months when the stock was halted. Exchange will give approval. CSK should be at .32/.33 with FCC closing at $1.25.