Carcetti Capital Corp V.CART.H

Approval meeting on Monday December 19

[nozzpack]

December 19, 2022 at 2:00

[nozzpack]

It's all approved and we get $0.03 per share in cash and shares in the stub. After the reorganization of capital, the stub ( NewCo ) will have nominal cash and will seek out new opportunities that will require additional capital. As I have posted earlier, it's quite likely that one or more of the shareholder groups have their ducks lined up. Initial funding could be by way of a rights

[Goldman1234]

Is there anyway to know what the share value of the new company will be ?   Or at least an estimated guess ?

[JustforFun7]

Literally zero until they recapitalize after the distribution. Since the new company is still a public company, yo will find out when it happens. JFF7

[nozzpack]

Let's  put it this way once again. All shareholders are getting 3 cents per share in cash, including the two majority shareholders . Like them, we have a very shrunk stub in terms of shares . The two major shareholders  are going to acquire a very good asset, make no doubt about that and their VC Guy probably has one or more ducks lined up. There are lots of good undervalued

[Goldman1234]

Why would anyone sell this at 0.025 when you will get 0.03 paid in January ?   Other than needing tax loss, seems like a stupid thing to do. 

[JustforFun7]

as they tell you, there should only be one reason to buy but there is always a lot of reasons for selling. A lot of them make sense to the individuals who know their own circumstances.  (and no that wasnt me that sold 400K at .25 ) JFF7

[JustforFun7]

just to be clear, this is how I see it. the nominal value (almost zero) is held in the old shares.  with any new capital raised the value of that capital will be placed in the new shares.  To particpate in those new shares, you will need to provide new capital. If the company develops substantial worth, you will have had to put up new capital to participate in that growth by buying

[Johnnyboy851]

I believe the new shares in the reorg will be equal to the number of old shares held. There will be a 300 for 1 roll back of the new shares in the new company for a total of about 1 million shares outstanding.  If they have plans to raise capital, there will be dilution of the new shares.