I can't believe I'm burning my one post on this...
Dyno...
No PR has said anything about the tech. SAGA is a phantom shell that won't be called that in the future. It will be called whatever the leadership wants to call it. The new company will hold the subsidiaries of BGEN and VIRO, which will hold all the tech.
How is it you think they SOLD all the tech to some investors, maybe bankers that have no clue about Bio, but the investors only get 10% for the $450M? That doesn't make any sense.
"The shares would be paid as a dividend to the shareholders of Company E and they would be the owners of 90+% of Company S"
In the example, the investors will control 10%... That goes along with my previous writeup of the investors getting 10% of all revenue until the end of time. That is a wicked bargain for them and they are chomping at the bit to sign the deal FOR ONLY $450M.
"If on the six-month anniversary of the transaction, Company S’s shares are trading at $5.00 on NASDAQ, the value of the Purchase Shares would be $225 million and the Make-Whole calculation would require an additional 45 million shares to be issued to Company E to MakeWhole the $450 million Purchase Price."
HELLO!!! I hope the new company tanks BIGLY... Then we get a lot more shares. That might not happen though, as whoever is behind the $450M will then tell their buddies in the Institutions, who will probably load up. There will be immediate dilution to accommodate that, hopefully the float will be tiny though so the new company explodes.
With all the additional revenue from selling shares, the new company, STILL CONTROLLED by our current leadership, will be able to fund ITV-1 and Clone 3 trials, put IPF in more retail spots, put the new Liver supplement everywhere etc...
"After the dividend to Company E shareholders, there would be no assets or operations in Company E"
Yeah, it would all be under the new company.
You seriously think they sold 100% of the assets for $450M, which would be 15 cents a share as of now?
C'mon Man!
Bullish
