Mar. 9 at 5:10 AM
$MNY $MNY ok…
As far as the contract between MNY and BTWN goes, Li, himself has a loss protection, do not ask the source as it maybe changed now (likely not).
Example
If MNY is valued at
$1.43 PER share, the merged company need to pay Li the DIFFERENCE (
$10-
$1.43=
$8.57 extra) TO reach the originally agreed
$10 per share valuation. If Li holds 35 million MNY shares, he is effectively protected to receive
$10 per share, or about
$350M in total regardless.
In other words, any shortfall from the
$10 valuation becomes the responsibility of the merged company and its shareholders, but not a single to Li.
This merger is 100% completely benefit to Li in several ways
1. It enables bolttech to obtain a Nasdaq listing.
2. It allows loss recovery toward the
$10 per share level which the sudden boost of 7x loss recovering FOR Li, not you or others.
Depends on the shares/warrants deal, many shareholders will see whether Li works only for himself by shareholders money or consider you as dumb ass.
