P10 Industries Inc. (PX)

[carbonfiltered]

So, according to the 210/GSB deal, they can't own more than 20% of the company.

https://www.google.com/amp/s/www.bizjournals.com/sanantonio/news/2017/01/10/dallas-investor-group-snaps-up-15-percent-stake-in.amp.html

210/P10 would only have to buy 31% of GSB and then merge with 210/GSB to own a controlling interest in GSB. This would cost about $25 million. They have $10 million in credit and would only have to come up with $15 million to complete the deal. If the route they chose is a share exchange they would have to issues whatever amount of shares it would be to cover the difference. In a share value assessment, P10 shares (considering the NOLs) are worth around $2/share, diluting only an additional 7.5 million shares. This would give us around 52 million outstanding shares.

Note: 210 has already begun increasing their stake in GSB.

Note: $95 million cash value of NOLs/ 52 million shares = about $2/per share

Ideas? Corrections?