Tingo Inc (TMNA)

[downthehatch]

I tried to do the math on the merger completion, and the final conversion of Class B shares to the final tranche of TIO shares being transferred to TMNA. I am taking into account the most recent filings, that show (for reasons not clear to me) that instead of 75% of TIO, TMNA will own a bit more than 65%. It appear this is due to the sale of some shares of TIo in the interim months by TMNA.
Anyway, if all the shares are transferred and then TMNA liquidates, TMNA shareholders will get the equivalent of about $.06 worth of TIO shares, at the current market value of TIO. It appears to me that the current TIO price remains depressed due to the after-effects of the Hindenburg report.
If the shares of TIO get back to say $1.50, the value for TMNA would be around $.13- .14/share.