Thursday, July 12, 2018 8:34:23 AM
https://globenewswire.com/news-release/2018/06/14/1524782/0/en/Recall-Studios-Offers-to-Purchase-Pulse-Evolution-Common-Stock-at-1-38-per-Share.html
"Recall Studios (OTC: “BTOP”) today announced its offer to purchase 100% of the unrestricted and open-market shares of Pulse Evolution Corporation (OTC:”PLFX”) for $1.38 per share. Together with its acquisition of Evolution AI Corporation, which was also announced today, the proposed tender offer would result in Pulse Evolution Corporation becoming a majority-owned subsidiary of Recall Studios, Inc."
Nowhere in this press release does it mention a min-max assumption or the $0.50 per share.
But as investors we can speculate what the deal would be depending on the share price of Recall at the time the tender happens. If the shares are at $0.50 per share, then Recall would have to give 2.76 Recall shares for each 1 share of Pulse to deliver $1.38 in value. If the Recall shares climb to $0.75 per share in the market, then Recall would have to give 1.84 shares of Recall stock to deliver $1.38 per share. And if the bottom falls out of the market for Recall shares and the shares drop to $0.25 per share then Recall has to give 5.5 shares of Recall stock for each share of Pulse stock in order to deliver the $1.38
It's a clear press release. It says $1.38 per pulse share. It's confirmed again in yesterdays press release from Pulse - $1.38
People just need to read the black and white as black and white. Exchange offer math is really simple. It works on the exchange value of $1.38 and regardless of the changes in the Recall stock, the tender offer is at $1.38
People on this board say the market is not buying this deal. The market is also holding the Recall shares pretty stable at $0.45 per share. That's the number that matters to Pulse shareholders - because that means 3 shares of Recall for each Pulse share held.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM