Jul. 9 at 7:19 PM
$OMEX you’ll be fine at
$1.05 @kyuni25
NewCo valuation 1bn$
OMEX gets 6.7% = 67m$
Shares outstanding 921m
/ 25:1 rs = 37m shares in NewCo
37m * 6.7% =2.48m OMEX shares in NewCo
1,000,000,000/ 37m=
$27 per NewCo share.
1/25=
$0.04 NewCo equivalent
$0.04 *
$27=
$1.08 per current OMEX share
With shorts covering, institutional buying, perhaps runs to
$1.40-
$1.60
Trade Conditional
1. NewCo valued at 1bn$
2. Merger completes (little doubt)
Buy a no brainer at 70c
70c to
$1.08 = 54% uplift
Looks good to me
