Wednesday, August 22, 2018 1:09:47 AM
I don’t know how much this matters but, it’s still a bit hard to tell how much 80% is. Since Flux was held for 100% by KK, and holding 80% of GERS, it could mean GERS is sold for 64%.
And if BTZO was still on top of GERS holding 80%, it could mean 51.2% was sold.
The share of the common shareholders and other preferred shareholders remains 20% of the voting rights, and probably represents also 20% of the value.
By the way that 20% still seems like at least 3.6 million worth. If that are 20 million shares, it still means at least 18 cent a share. Add to that the posibillity of higher earnings caused by the very large lawsuit claim, and GERS seems like a very nice buy, based on that deal.
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