mPhase Technologies Inc (XDSL)

[NoMoDo]

You seem surprised. To me it means the deal is moving forward and I like what I see. I expected at least 100 bil to make the deal happen unless Scepter was buying on the open market. Here is the math:

There are just under 18 billion shares out right now. The announced deal gives Scepter 80% of the stock, but there are no shares left and they can't legally do a RS before the sale.

So with 82 billion shares AS, 18 bil outstanding is 21% of the shares. That now leaves 79% for Scepter in return for a profitable business.

Scepter must have been buying on the open market because they need at least 80% of the shares to complete the reported deal. On top of that, they don't want to use the entire float, so they likely have accumulated at least 30-40% (at really cheap prices no less) by now.

Next we should see news of the deal being completed, followed by a RS to bring the share count down to real numbers. They will likely apply for a ticker and CIK change. After that, they will start to post numbers and bring value to this stock.