Post by
soundandfury on Jul 31, 2021 9:24am
Astra will get 32% equity in sgy?
I was wondering why will astra get that much equity in sgy if they are only contribute 20% to total production........nobody pays any money for drill locations any more so it can only be the they know they are going to get diluted post deal by a minimum of 12% and the actual number is unknown but will likely be up to 100% dilution due to the extreme consolidation down to 71 million shares......imo the share count will be back to 150 million in less than a month............this will mean your 1 share will now be .5 share.......if you can live with that by all means stay invested in surge
Comment by
downtozero on Jul 31, 2021 10:25am
You need to add in the debt into the calculation, not just the shares. Once you add debt + shares from both, the Astra purchase is a good deal.