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to the threeeeesssss
It's because that press release was soooooo terribly written.
We need an update on the RS and reaffirmation that it is to go to NASDAQ
No one knows the target PPS anymore. It use to be a bare minimum (like bottom of the most bottomest line) of .04 cents. Information on the RS would let us extrapolate.
you can't dilute off the bid...
yes, that makes me truly believe there is a whole bunch of upside to this that hasn't yet been made clear.
I understand some dilution for a long game. Neil is gonna shoot himself in the foot and handicap SPCL for the next eternity.
1 for 1000 means many are just gonna break even and ride this coaster only to have gained a deep deep understanding of how penny stocks and mergers go
what makes me think 20 billion is that it says in that release that Mig note holders will own 25% of fully diluted Solaris.
25% of 20bil = 5bil
I'm generally confused right now.
it is terribly written, we need an 8k
I mean it could: so take the Employee thing (4,064,968,345) + new issue (5,081,210,431) + OS from old 8k (1,832,897,782) = 10,979,076,558
thats close. I just don't know
yeah yeah me too.
says our current share count is 11 billion. When did that happen? Thats a 60 mil market cap as we speak.
my understanding is we pay 5 billion shares for mig and 4 billion are reserved for the employee share option.
But 11 billion shares. Thats our current OS? That means dilution is 2x to 20 bill not 5x from 1.8 to 11 (which is better imo) but still, how did we get to that share count. I dont even think we've traded 11 billion shares in all existence of SPCL
These numbers don't make sense to me.
How do we have 11 billion shares currently?
5,081,210,431 would raise well well well over 1.5 million dollars?
These are some nice looking charts.
So have we read the update from MIG:
They say Solaris’s fully diluted issued capital is currently 11,178,662,949 shares
How did we get to that many shares, that's a 60 mil market cap
Pursuant to the Agreement, Solaris is to acquire 100% of the issued capital of Project Goth, Inc. (Project Goth), a 100% owned subsidiary of migme that owns the Singapore and Taiwan operating companies, including all the Company’s intellectual property, in consideration for the issue of 5,081,210,431 Solaris shares.
Solaris will issue a further 4,064,968,345 shares for an Employee Share Options Scheme (ESOP) and to advisers associated with the transaction.
In sum, that's 20,324,841,725 total shares
Following the transaction, migme’s key employees and associates (described above) may be issued up to 20% of the of the fully-diluted issued capital in Solaris through the ESOP and migme Limited and the convertible note holder(s) will have 25% of the Solaris fully diluted capital.
Mig will own 25% of the new entity
We are doubling share count, not increasing by 5x. Doubling is far far better in my opinion assuming current PPS reflects share count, etc.
I have to read the note. It's dense and I haven't really comprehended it all yet.
I shall monitor
dude, this deal is real. SPCL CEO confirms, PR confirms, MIG CEO confirms.
What else is there other than legal documentation and an ASX release that didnt happen yesterday because of a national holiday in Australia.
until then, the bleed out has commenced.
It would be nice if our support wall returned.
should or will?
I really don't know how this works. All I can guess is we fronted SOME capital probably with a share agreement with MIG. I think we fronted 6 mil in cash and probably a many more mil in a share agreement once SPCL reaches it's real potential value.
Shareholders won't be left with nothing, but they won't get much.
Pretty much. I'm not sure how MIG shareholders will compensated for this transaction. I've not seen a merger/aqui like this were a company get's bought out but leaves the shell. Usually the shell is dissolved, so I don't really know how this is gonna go down.
I just hope Project Goth got bought out with straight up capital. That would be the best, though it is unlikely.
What is going to happen to their shares. MIG has yet to make a formal announcement to its shareholders. They've only seen news put out by Solaris.
Let be known that April 25th is a national holiday in AUS, MIG share holders will not here news for at least 22 hours from now.
$D$
This is how I took it as well. Seems like money is going from SPCL to debtors in exchange for IP.
I mean if I was a shareholder of MIG and got bought out by delinquent AF SPCL, I would be pretty confused.
Once they get their update, I would imagine all of them are going to be pretty happy about it.
I've been drawing Trogdors bathroom stalls for years.
Good stuff ha
the burninator?
Estimate of MIG PPS under SPCL
Speculation of MIG PPS as part of SPCL holdings. This does not include Pixel or any of its value, this is only reflective of MIGs current PPS in the ASX converted to a relative value based on SPCLs share count and dollar conversion from the crocs to the cows.
Nonsense math, things don't really work this way but if they did this is how it would go:
MIG PPS $(AUS) = .044
MIG PPS $(US) = .058
MIG OS = 316,000,000
SPCL OS = 1,800,000,000
Adujusted MIG PPS under SPCL $(US) = .01ish
Without Pixel, without refinancing, without new business models. So I mean this is pretty conservative (I think).
$D$
Let's just say there are many snakes in the trees, and they will be made ours.
Clear path to potato island. St. Patty can't hold us back anymore.
SPCL
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no many, you dont buy a companies debt if its an acquisition. aqui vs merger. Jeeze.
Don't you see the butterfly in the splotches here?
40 million monthly users.
False, not merging with Migme; aquiring Migme. Money used to acquire Migme will go towards paying old creditors. Goh will likely remain part of the situation as a board member or something. But SPCL is not absorbing the debt.
It is spelled OTCQB in the Marketwired update. Though, they have to be current first.
I think everyone needs to remember: 110 employees being hired. That is a lot.
Not sure how they are paying for the acquisition. And there are authorized 340 million shares (pre split) that can be issued (according to last year's 8k). Diluting them now wouldn't get them near the amount of capital needed to acquire Migme (assuming they need more than 2 mil of capital to buy).
I'm assuming there will be some sort of share agreement. Migme has some 11 million dollar debt. So I'm guessing we see a restructure of a convertible note of sort, but like the "note" to vert, it will likely be years down the road.
Just speculation. No one knows what's going on here. I expect PPS will still increase significantly.
Welcome to the worlds least predictable stock...we share holders enthusiastically hedge covalent intellectual capital
Neil fungibly orchestrates market-driven services. He completely evisculates bricks-and-clicks niche markets and seamlessly drives empowered collaboration and idea-sharing. SPCL will completely redefine process-centric resources as well as intrinsically recapitulate market positioning leadership.
These acquisitions conveniently initiate premier networks and enthusiastically matrix vertical relationships.
I know we will holistically conceptualize ethical e-markets and objectively brand proactive paradigms.
$D$
dude give up. technicals do not apply here.
Sometimes words outweigh numbers. #math
Here watch, this will make you laugh:
I hope all the newcomers here realize that it's by no means too late to get in.
Go SPCL!
PEW PEW PEW
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