Tuesday, June 09, 2020 7:23:08 AM
Valuing this deal gets a lot easier once you ignore their fancy corporate speak and go straight to the numbers.
Let's say you own 1000 NTRP shares. Once the merger is completed you will own about 1000 shares of Petros and 1000 shares of NBI, giving you 2000 shares in total.
Any NTRP warrants and options left will be converted to Petros warrants and options. If they are exercised before the deal the proceeds will go 80% to Petros and 20% to NBI.
NBI will have the same amount of outstanding shares that NTRP has before the deal, so today that would give NBI about 25 million outstanding shares.
Petros will have about 120 million outstanding shares.
$14 million in cash will go to NBI. $20 million in cash will go to Petros.
If you believe that 1000 Petros shares and 1000 NBI shares together are worth more than 1000 NTRP shares, you will make more money by holding through the deal. If you believe your 1000 NTRP shares are more valuable, you will make more money by selling before the deal.
Numbers are preliminary and will probably change a bit until the deal is finalized, but in general this is the basic overview of what's coming up.
Let's say you own 1000 NTRP shares. Once the merger is completed you will own about 1000 shares of Petros and 1000 shares of NBI, giving you 2000 shares in total.
Any NTRP warrants and options left will be converted to Petros warrants and options. If they are exercised before the deal the proceeds will go 80% to Petros and 20% to NBI.
NBI will have the same amount of outstanding shares that NTRP has before the deal, so today that would give NBI about 25 million outstanding shares.
Petros will have about 120 million outstanding shares.
$14 million in cash will go to NBI. $20 million in cash will go to Petros.
If you believe that 1000 Petros shares and 1000 NBI shares together are worth more than 1000 NTRP shares, you will make more money by holding through the deal. If you believe your 1000 NTRP shares are more valuable, you will make more money by selling before the deal.
Numbers are preliminary and will probably change a bit until the deal is finalized, but in general this is the basic overview of what's coming up.
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