Monday, January 18, 2016 3:46:43 AM
In September 2015, Almirall acquired a minority stake in ThermiGen for USD $5 million representing 7.7% of the share capital of the company and paid $2.5 million in exchange of a call option right to acquire up to 100% of the company for an Enterprise Value of C. $80m. In accordance with the terms of the agreement, the transaction will be fulfilled during the month of January 2016
lets do the math
If (AND A BIG IF) ALME does a reverse merger with Thermi and their book value is at least $80 mil , this does not include their sales
ThermiGen, doing business as Thermi, is focused on the worldwide distribution of its products. In 2014, the company had $11.4m of revenue and is expecting to close 2015 with nearly $30m in sales and positive operating results
there are roughly 78 million shares outstanding
March 25, 2013, there were 77,911,622 shares of Common Stock outstanding
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9691209
80 million dollars divided by 78 million shares
the price per share would be $1.02
easy money
ec
my post are not for investment purposes..do not invest or trade on anything i post
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM