Ealixir Inc (EAXR)

[Nistel]

Lol, indeed. But some other people here as well.

The focus on company value (book value?) is quite OK to have a target valuation benchmark of fair value pricing of the stock, assuming the math the auditor did is correct. But stock hardly ever trades at book value. If the market has more confidence in the company than flat book value, it will trade higher. If not, it can be well below BV.

Still it's not a real RS as it's usually done, it's exchange of 25 shares BUDT for each 1 share of Ealixir which will then use the BUDT vehicle to enter the exchange. A normal RS gives you back less amount of shares of the exact same thing.

I understand they want to speed up progress in their PPS listing requirements and not wait for uncertain market speculation which may very well be disappointing in the end result and too slow for their plans.