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thebear37

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thebear37

Re: makinezmoney post# 126

Wednesday, 05/25/2022 1:06:23 PM

Wednesday, May 25, 2022 1:06:23 PM

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I am having trouble reconciling why Tingo is giving MICT 22% of the combined business. Tingo was valued over 3B when the deal was announced and MICT has a market cap around 80MM so based on this math MICT should be much less than 22% of combined company.

To me it looks like Tingo is way overpaying for MICT. What am I missing?
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