PMEA & SEIL deal too good to believe for PMEA Investors. I will believe it only after this deal closes.
EXAMPLE OF WHAT PMEA SHAREHOLDERS COULD GAIN:
400,000 shares of PMEA bought at Trip 6 today would have cost you USD $240. If that 400k PMEA shareholder were to receive 1 share of SEIL which closed today at $0.052 cents (SEIL had 73.1% BUYS Vs. 26.9% Sells) for every 8 shares of PMEA --- that would be 400,000 shares divided by 8 = 50,000. 50,000 shares times $0.052 = $2600 - which would be the value of the PMEA investors' 400k shares.
Not only that SEIL's float looks/acts like it is locked up the way it traded today - ranging between $0.0520 - $0.1410 (and even $0.20 for a very short period) (SEIL's volume 67,471 today). So by the time IF this ever closes SEIL just may run up to $0.10 - $0.15 cents or more. If SEIL's float is locked up seems to me that SEIL may just have to increase authorized shares. That is an unknown factor in this.
My only question now is when will SEIL announce this? I haven't seen that announcement from their side yet.
Yesterday SEIL did announce:
Seilon, Inc. Announces Second Planned Acquisition
TORONTO, ON--(Marketwired - Apr 25, 2017) - Seilon, Inc. (OTC: SEIL) announced today that it has made an offer for the purchase of an existing Aircraft Company.
And PMEA closed today with 49.4% BUYS Vs. 47.3% Sells (Volume 339,012,390). Why on earth would so many PMEA shareholders sell on today's announcement?
Seems to me this deal for PMEA shareholders may be too good to believe. Why wouldn't SEIL & PMEA set the date of record as of today or yesterday? The way PMEA's announcement read today they legally could not have led buyers to believe there is no closing date - until one is set later. I am not lawyer - that is my opinion.
Today's news:
PM&E, Inc. Accepts Purchase Offer For EVADA Aircraft
CHEYENNE, WY--(Marketwired - Apr 26, 2017) - Aircraft manufacturer PM&E, Inc. ( OTC : PMEA ) announced today that it has agreed to the purchase of EVADA Aircraft by publicly traded, Seilon, Inc. ( OTC : SEIL ).
CEO Joseph Bourne stated, "At this point in our company's history, it is important for us to accomplish two objectives. One, that Evada Aircraft operates within a business framework that will ensure the successful manufacture and sales of Evada Aircraft units sooner rather than later and two, to ensure that our existing shareholders who have been with us for the long term are taken care of in the most favorable way possible. With both of these objectives in mind, we have made the decision to move forward with the sale of Evada Aircraft to Seilon, Inc."
Seilon, Inc. recently made an acquisition of a media and broadcasting operation with operations in Tunisia, Spain and with planned operations in North America. The upside revenue potential from the first merger is very favorable. Evada Aircraft will be the second acquisition for Seilon, Inc. and will occur via a share exchange. In addition to these two acquisitions, Seilon, Inc. is exploring additional opportunities in the solar and cannabis industries.
Mr. Bourne went on to say, "We negotiated this transaction as a share exchange at a ratio of eight to one. In other words, PMEA shareholders will receive one share of SEIL for every eight shares of PMEA. We will have more information to share in the coming days, but for now we wanted to give as much detail as possible to allow investors to make an informed decision based on what we know to this point."
Mr. Bourne finished up with, "From day one, the number of shares outstanding and the chill that we could never get lifted in spite of our current status caused problems on several fronts. We are excited about the opportunity to be part of a company without those issues and part of a company that will grow and expand long term as a holding company that will take advantage of multiple business opportunities across several industries. Evada will still operate as a separate and independent operation, but with a fresh start that will give us a better opportunity for success long term."
