Post by
LongTbuffet on Apr 27, 2019 7:14am
This is Actually Good News.
This is actually good news for the current shareholders of IMEX. Part of the agreement NexGen will cover all legal, Audit and closing cost. Assuring this is done in a timely manner.
The consolidation from 3 to 1 will bring the total current share count from 46.5M to 15.5M leaving a valuation of 6 cents a share. New owners will own 18.5 Million of the float / 52%+++.
Assuming the private placement of 2.5M or 5M is to buy out the majority shares of the new formed company we are looking at a worst case scenario of between 16 to 25 cents valuation post consolidation. So that’s roughly 3 to 4 times current valuation. I will take that.
Comment by
StockTrader181 on Apr 29, 2019 2:16am
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