Wednesday, March 22, 2017 8:45:57 AM
So EPT is essentially buying out the largest shareholder for $500K and getting issued 40M shares. It's a little bit different then the way most RM's are structured but the end result is the same, EPT takes control of the shell and will own about 77% of the o/s, 8 other IMST shareholders will hold the bulk of the rest I believe.
In the vast majority of RM's that I see, the incoming company typically pays around $300K + or - $75K for a controlling block of shares of a shell. Generally the higher % the more $$$'s. $500K for 77% is definitely on the higher end, which makes me think that they are expecting very good results, you don't pay that kind of $$$'s if you are going to tank the stock. IMO I think they are looking for $5.00+ out of this, which could could easily be achievable with this SS.
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