Shifty:
I did wait until the markets closed.
Wow, greatly appreciated! (again, sarcasm here)
Shifty:
DDD,
you start your last post "responding to Shiftyone " with,
"I'm so sorry for existing shareholders for polluting the bulboard answering to Shiftyone."
If you are sorry... why did you do it? You could have just messaged me.
That's like saying to someone. Hey, I'm sorry I'm going to punch you in the face. Then punching them in the face :)
I will not bother responding to the useless drivel in that last post. Every one of your responses were selective in what you said and very weak. I could tear them all apart. But won't bother.
You asked people to share different opinions than yours about your posts yesterday. I did.
Well, so easy to take the "exit" way than to actually contribute to the discussion. If you can prove me wrong with facts that are supported by actual meaningful and credible data, then please do so as everybody will benefit from it. Again, I'm trusting the intelligence of the other readers about who won or lost this debate. As for answering you in private, I tried to have a discussion with you privately, remember? Well you kinded of ended it by saying: "It would just be so easy for me, and so embarrassing for you. Pick a topic. IQ of 110-115 (my intelligent guess), is no match for someone with a 140+ rating)".
Shifty:
What do your posts do for existing shareholders? absolutely zero.
Well, the only thing I did was posting a table comparing the data sheets of both companies. If you do not see the utility, then I don't know what to say... but Oh! Yes: you are not a shareholder so, sorry I will need to borrow one of your quote: "I really do not care" if you do not see any value!
Shifty:
You stated in your "Merger DD ...." post that investing in the placement with SGNL was better than NEXG placement. Then you asked what people think? Do your calculations make sense?
I responded that you were not taking into account the significant tax advantages to the NEXG placement when you came to your conclusion. Redo your calculations on the better placement to participate in factoring that in. It is a significant difference.
What about YOU proving your point by doing the calculations? You see, that's my point. You're ALWAYS posting stuff without backing them up. What is a "sigificant difference"? Can you calculate it? Lazy people always give the burden to others. You argument had some interresting flavour to it, but you would just have won the argument if you would have proved it with the actual calculations. I considered it as it was a valid point and did some DD (it was quite a task) to DO YOUR JOB and see if your argument was actually making sense.
Calculating the monetary benefit of buying FTS is quite difficult as it depends on the fiscal situation of the buyer: the tax deductions vary according to several factors. There is an example
here saying that an investor in the top tax bracket in Ontario that could get 46% of tax deduction and 23% tax on capital gain, the FTS gives him a benefit of 15.3% more if the FT share price is 11% higher than the NFT offer. Logically, the benefit increases if the price of the FT shares is close to the NFT price. In our case, we do not have a NFT share price to compare with but let's derive it from the SGNL NFT shares base on the 0.1244 ratio suggested in the deal: 0.087/0.1244=70 cents. If we plug that number in our scenario, we will obtain a benefit of 13.4%. As I said, this percentage is really a figure to try understanding the "level" of benefit someone can have buying FT shares as this percentage can fluctuate a lot depending on your tax payer profile and location. It also depends of the FT financing conditions (if the company is giving partial or full advantages to the FT buyer).
That 13.6% benefit is calculated on a pre-merge scenario. If we use the post-merge scenario with both financings over subscribed, than the new NEXG shareholder will lose 8% of the company. If we apply this loss to 70 cents we used to calculate the benefit (removing 5,6 cents), than the post-merge benefit would be reduced to 8%. In order to compare with the calculations I have done on October 15 using 75 cents for NEXG shares, the benefit would be 12.8%.
SGNL shareholders using the same parameters would pay 8.7 cents but will get a 12 cents value, giving them a 38% benefit! So I think 38% is waaayyy more than 13%, don't you agree? In order for the NEXG investor to reach 38%, his accountant would have to be really inventive (and that will cost a lot of money)! What about a "significan difference"!
Shifty:
I guess you really didn't want to know what others opinions were. Those other opinions that destroyed your conclusion that SGNL was the better option.
I'm welcoming any opinions backed up with verified facts. I do not know when you will get it man... if you feel that your opinion is "destroyed", it might mean they have no sbustance.
Shifty:
With the 4 million shares sold today. Is that it do you figure, or is there more to come?
You know, since SGNL management signed the letter of offer, market SGNL SP is not relevant. We are tied with NEXG market SP. Who knows... some existing large investors figured out that selling now and buying the financing is better (getting the same conclusion than me)?